Definition of "Pure endowment"

Judy Kolodgie real estate agent
Judy Kolodgie, Real Estate Agent ERA Cole Realty

Life insurance policy under which its face value is payable only if the insured survives to the end of the stated endowment period; no benefit is paid if the insured dies during the endowment period. Few if any of these policies are sold today. Contrast with endowment insurance.

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