Endowment Insurance
Definition of "Endowment insurance"
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.
Popular Insurance Terms
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Endowment period of time, in life insurance, at which the face amount of the policy is payable to the insured. ...
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