III IC-104 Practice Questions - III IC-104 Products Of Life Insurance Exam

What distinguishes a Money Back policy from a standard Endowment plan?

It does not provide any death benefit if the policyholder survives. It provides periodic survival benefits during the policy term. It links the investment entirely to the stock market. It only pays out when the policyholder retires.

Correct Answer:

It provides periodic survival benefits during the policy term.

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