Business Studies, asked by anjalishukladz009, 11 months ago

Distinguish between whole-life policy and endowment policy.

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Answered by Anonymous

Answer:

The difference is that endowments have a shorter coverage period and mature sooner, usually in 10 to 20 years. ... Endowments typically have high monthly premiums — the shorter the endowment term, the higher the premiums — while whole life policies often have relatively lower monthly or annual premiums.

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