Endowment Insurance

Definition of "Endowment insurance"

Mike Williams
Mike Williams Keller Williams

Life insurance under which an insured receives the face value of a policy if the individual survives the endowment period. If the insured does not survive, a beneficiary receives the face value of the policy. An endowment policy is the most expensive type of life insurance.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ