Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Explain five benefits that could be enjoyed by a person who decided to take out an endowment policy.

Explain five benefits that could be enjoyed by a person who decided to take out an endowment
policy.

Answers


Davis
– savings: endowment policy is a way of saving, after which one
will get compensation either on the expiry or his death.
- Security: the endowment policy is a way of saving, after which one
will get compensation
either on the expiry or his death.
- Security: the endowment policy can be used as a security for
finance.
- In case the contract expires before the insured dies, he enjoys his
compensation
- Other benefits: he can get loan for medical or education purposes
Githiari answered the question on September 20, 2017 at 09:49

Answer Attachments

Exams With Marking Schemes

Related Questions