WAEC - Commerce (2009 - No. 44)
A type of policy where the assured or his dependents will not get anything if he dies within the period of the policy is known as
group policy
whole life policy
endowment policy
term policy
Explication
Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. In this type of insurance policy, the insurance company is not obligated to compensate the policy holder if they do not die within the time frame covered in the agreement