Business Studies · Life Insurance
Match LIST-I with LIST-II LIST-I (Type of Life Insurance) A. Universal Life Insurance B. Variable Life Insurance C. Endowment Policies D. Joint Life Insurance LIST-II (Unique Structural Feature) I. Covers two individuals under a single policy, paying the death benefit upon the death of the first insured and terminating thereafter. II. Provides coverage for a specific term and pays a lump sum to the policyholder if they survive the term. III. Allows the policyholder to invest the cash value in various investment options, causing the death benefit and cash value to vary based on performance. IV. Offers flexibility in premium payments and adjustable death benefits, while building a cash value that may earn interest. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-IV, B-III, C-II, D-I✓
- 2A-I, B-III, C-II, D-IV
- 3A-IV, B-II, C-III, D-I
- 4A-III, B-IV, C-I, D-II
Correct answer
A-IV, B-III, C-II, D-I
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