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.

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