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Which of the following statement is NOT true about the endowment life insurance? It lasts...

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Which of the following statement is NOT true about the endowment life insurance? It lasts for a specified period of time. It pays a lump sum either at the end of the period or when the holder dies, whichever comes first. It could pay the lump sum in cases where the holder is suffering from serious illness. It always covers a group of holders

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