Fundamentos del Seguro de VidaPregunta 373 de 716
An endowment policy pays its face amount:
a.Only when the proceeds are left to a charity
b.Only if the insured dies within a short specified term of years
c.Never, because an endowment has no death benefit
d.At death or at policy maturity, whichever occurs first
Explicación
An endowment pays the face amount if the insured dies during the endowment period, or pays the same amount to the living insured if they survive to the maturity date, whichever happens first. It is not limited to death during a short term (that is term insurance). There is no charity requirement. And it does include a death benefit. The defining feature of an endowment is that it 'endows,' paying the face amount to the insured at maturity if they are still living.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)