Meaning Of The Word Endowment policy
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 |
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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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