An endowment life insurance policy is characterized by all of the following, EXCEPT:
Select one:
a. The death benefit is paid upon the death of the insured.
b. The policy's face amount is paid out if the insured is alive at the contract maturity date.
c. Policy cash value must equal the face amount by the end of the policy period.
d. Endowment contracts endow only upon the insured's death.
