A type of life insurance that is payable either to the insured at the end of the policy period or to the insured’s beneficiary if the insured dies before the period ends. — Also termed endowment insurance.
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A life-insurance policy payable at the end of a specified period, if the insured survives that period, or upon the insured’s death if death occurs before the end of the period.
A type of life insurance that is payable either to the insured at the end of the policy period or to the insured’s beneficiary if the insured dies before the period ends. See endowment life insurance under LIFE INSURANCE.
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endowment insurance. 1. INSURANCE. 2. See endowment life insurance under LIFE INSURANCE.
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