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Endowment insurance - 2 dictionary results
endowment insurance
–noun
| life insurance providing for the payment of a stated sum to the insured if he or she lives beyond the maturity date of the policy, or to a beneficiary if the insured dies before that date. |
Origin:
1860–65, Americanism
1860–65, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source
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Link To Endowment insurance
Main Entry: endowment insurance
Function: 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)
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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