endowment insurance Definition

endowment insurance

Definition

A type of life insurance that is payable to the insured if he/she is still living on the policy's maturity date, or to a beneficiary otherwise.

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endowment insurance is ...
... part of the Insurance subject.

endowment insurance appears in the definitions of these other terms on BusinessDictionary.com

endowment life policy, endowment life policy with profits, endowment policy, endowment policy with profits, maturity value