WAEC - Insurance (2018 - No. 9)
An insured arranges for his premium payment to cease at the age of 70. This is a whole life policy with
indeterminate premium payment
limited premium payment
single premium payment
modified premium payment
ব্যাখ্যা
A limited premium payment plan is a plan where you paythe premium for a shorter span of time and enjoy the benefits of an insurance cover for a long time.