Endowment assurance

Noun

Word Frequency: 0.0

Definitions

1.NounA form of life insurance paying a lump sum to the policyholder on survival to a fixed date, or to the estate or beneficiaries if the policyholder dies before that date.

Synonyms

endowment policy pure endowment endowment term assurance life assurance life insurance assurance annuity endowment mortgage level term assurance life annuity life assured

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