Question
At what insured age does a whole life insurance policy issued under the 2017 Commissioner’s Standard Ordinary mortality table endow for its face amount?
1. Age 73
2. Age 80
3. Age 120
4. Age 95
1. Age 73
2. Age 80
3. Age 120
4. Age 95
Answers
GPT-4o mini
Whole life insurance policies issued under the 2017 Commissioner’s Standard Ordinary (CSO) mortality table typically endow at the insured's age 120. This means that the policy will endow for its face amount if the insured is alive at that age.
Therefore, the correct answer is:
3. Age 120
Therefore, the correct answer is:
3. Age 120