Meaning Of The Word Endowment policy

Real Dictionary

What's the definition of Endowment policy? Find Endowment policy meanings, definitions and more at the Real Dictionary online.

Endowment policy Meaning

Endowment policy Definition
Endowment policy Definition

What's The Definition Of Endowment policy?

endowment policy in American English
an insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified

endowment policy in British English
noun: a document containing a record, and the terms and conditions of, an endowment mortgage.

endowment policy in Insurance
noun: An endowment policy is an insurance policy that provides life coverage, but that pays a sum of money if the policyholder is still alive after an agreed period of time.

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