Consider a 10-year term assurance and a 10-year pure endowment, both providing a lump sum benefit...

 

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Consider a 10-year term assurance and a 10-year pure endowment, both providing a lump sum benefit of £50,000. Explain which policy would have higher premiums, if both policies are sold to an individual currently aged: (a) (b) 40 90. Consider a 10-year term assurance and a 10-year pure endowment, both providing a lump sum benefit of £50,000. Explain which policy would have higher premiums, if both policies are sold to an individual currently aged: (a) (b) 40 90.

Answer rating: 100% (QA)

The premiums for the 10year term assurance policy will be higher than the premiums for the 10year pu... View the full answer