Post Utme Skyline University 2022 Commerce Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2022 Commerce Objective / Multiple Choice
Question 15 POST_UTME_SKYLINE_UNIVERSITY • 2022 • COMMERCE • objective

A life insurance policy has a premium of ₦50,000 per annum, and the policyholder dies after 5 years. The sum assured is ₦500,000, and the policy has a surrender value of ₦100,000. What is the benefit paid to the policyholder's beneficiary?

Answer Options

A. ₦400,000
B. ₦450,000
Correct Answer C. ₦500,000
D. ₦550,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Skyline University 2022 Commerce Question 15. It is one of the objective questions from the 2022 Post Utme Skyline University Commerce examination.

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