Meaning Of The Word Endowment insurance

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Endowment insurance Meaning

Endowment insurance Definition
Endowment insurance Definition

What's The Definition Of Endowment insurance?

endowment insurance in American English
noun: life insurance providing for the payment of a stated sum to the insured if he or she lives beyond the maturity date of the policy, or to a beneficiary if the insured dies before that date

endowment insurance in Insurance
noun: Endowment insurance is a type of life insurance that pays a particular sum directly to the policyholder at a stated date, or to a beneficiary if the policyholder dies before this date.

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