In an endowment policy, benefits are paid at death or
-
a lump sum is paid on maturity
- regular payments are made after maturity
- regular payments are made before maturity
- no payments is made until the death of the insured.
The correct answer is: A
Explanation
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.