Question

    Which type of insurance contract provides a guaranteed payout to the policyholder regardless of the occurrence of the insured event?

    A Life insurance contract Correct Answer Incorrect Answer
    B Health insurance contract Correct Answer Incorrect Answer
    C Property insurance contract Correct Answer Incorrect Answer
    D Casualty insurance contract Correct Answer Incorrect Answer
    E Annuity contract Correct Answer Incorrect Answer

    Solution

    Explanation: Annuity contracts provide a guaranteed payout to the policyholder at regular intervals, regardless of the occurrence of the insured event.

    Practice Next
    ×
    ×