endowment insurance

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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词条贡献者

双语律师Terence，国际知名法学院法律专业，擅长翻译各类与油气、资源与采矿业相关的法律文件。