Under_premium is paid in installment or a certain amount is paid at once.

annuity policy

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joint life policy

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whole life policy

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endowment policy

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Solution

The correct option is A annuity policy
An annuity is a type of policy issued by an insurance company designed to accept and grow funds, and upon annuitization, create a stream of income or payments. The money you pay in can be either a lump sum or a number of payments.

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Under_premium is paid in installment or a certain amount is paid at once.

The correct option is A annuity policyAn annuity is a type of policy issued by an insurance company designed to accept and grow funds, and upon annuitization, create a stream of income or payments. The money you pay in can be either a lump sum or a number of payments.

The correct option is A annuity policy
An annuity is a type of policy issued by an insurance company designed to accept and grow funds, and upon annuitization, create a stream of income or payments. The money you pay in can be either a lump sum or a number of payments.