What does endowment insurance mean?
Definitions for endowment insurance
en·dow·men·t in·sur·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word endowment insurance.
Princeton's WordNet
endowment insurancenoun
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
ChatGPT
endowment insurance
Endowment insurance is a type of life insurance policy that pays a lump sum to the policyholder either after a certain period (maturity) or upon their death, whichever comes first. If the policyholder is alive at the end of the policy term, they receive the sum assured along with any bonuses or profits generated by the insurance company. This type of insurance policy is often used as a form of savings or investment strategy, providing both insurance coverage and a financial return.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of endowment insurance in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of endowment insurance in Pythagorean Numerology is: 1
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"endowment insurance." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/endowment+insurance>.
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