endowment insurance

noun

: life insurance in which the benefit is paid to the policyowner if he or she is still living at the end of the policy's term (as 20 years)

Dictionary Entries Near endowment insurance

Cite this Entry

“Endowment insurance.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/endowment%20insurance. Accessed 16 Jul. 2024.

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