Endowment Annuity Insurance

Definition of "Endowment annuity insurance"

Bertha Muralles real estate agent
Bertha Muralles, Real Estate Agent Barvian Realty

Insurance policy that combines the elements of a deferred annuity with the elements of DECREASING TERM LIFE INSURANCE. This policy was originally designed to act as a funding instrument for PENSION PLANS but is rarely used today.

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