Post Utme Skyline University 2021 Commerce Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2021 Commerce Objective / Multiple Choice

Question 10 POST_UTME_SKYLINE_UNIVERSITY • 2021 • COMMERCE • objective

A life insurance policy has a premium of ₦50,000 per year and a death benefit of ₦1 million. If the policyholder dies after 5 years, what is the total payout to the beneficiary?

Answer Options

Correct Answer A. ₦2.5 million

B. ₦1.25 million

C. ₦1.5 million

D. ₦2 million

Correct Answer

Correct Option:

₦2.5 million

About This Question

This is Post Utme Skyline University 2021 Commerce Question 10. It is one of the objective questions from the 2021 Post Utme Skyline University Commerce examination.

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