I was doing assignment X6 and question X6.4 talks about a 'pure endowment pension contract' but then later says 'the death and maturity benefit will be the value of the benefit fund'. I thought pure endowments had no death benefit. Is this not always true?
I agree with you. I think we need to delete the word "pure" from both places in the opening paragraph. In the UK, years ago, it wasn't unheard of to have pension policies with no benefit on death before retirement, but this became very unpopular and I don't think this option is offered any more. So my guess is that this question has been updated a few times over the years, to keep it relevant to a UK context, but the word "pure" has crept through by mistake.
