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Question: Compared to the premium for a Whole Life plan, the premium for an Endowment plan will be ____________ for the same age

Options:

  1. more
  2. less
  3. the same
  4. double
  5. half

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Compared to the premium for a Whole Life plan, the premium for an Endowment plan will be more for the same age.


More from the web:

Endowment insurance costs more than lifelong insurance. Premiums are paid up to the end of the endowment maturity, when the face value, or death benefit, is paid to the beneficiaries or the policyholder. It is important to know that the value of endowment insurance is also its cash value.

In short, the premium for an Endowment plan will be more than a Whole Life plan for the same age.

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