English dictionary

endowment insurance meaning and definition

Definition and meaning of endowment insurance at MeaningMonkey.org. endowment insurance meaning and definition in the English Dictionary.


Definition of endowment insurance (noun)

  1. life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured
Source: Princeton University Wordnet

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