Juvenile Endowmenyt Policy

Definition of "Juvenile endowmenyt policy"

Life insurance on the life of a child that provides a death benefit to a beneficiary should the child die during a stipulated time period and the maturity value of the policy at the end of that time period to the child if that child is still alive. This policy has typically been used to provide funds to finance a college education.

Search Real Estate Glossary

Related Real Estate Glossary terms

State-of-the-art Defense

Provision established either by state statute or court order that permits the defendant to establish ...

Associate In Claims (aic)

Professional designation earned after the successful completion of four national examinations given ...

Stock In Trade

Inventory that is marketed and sold by an entity. ...

Duplication Of Benefits

Coverage in health insurance by two or more policies for the same insured loss. In such a circumstan ...

Assessment Cycle

Period of time between valuations of property for tax purposes in a given locality. ...

Indemnity Disability Income Policy

Policy used to provide the funds necessary for buy-and-sell agreements whereby an income payment or ...

Related Real Estate FAQ

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! What is Hazard Insurance? How To Sell Your Home What do Real Estate Attorneys do? 5 signs of house foundation problems

FAQ

What is a second mortgage? Do you have any tips to help me manage my investing? Do I need flood Insurance? When Should I Get Travel Insurance? What is joint tenancy?