Pure endowment

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, with no payment if the policyholder dies before that date.

Synonyms

endowment assurance endowment endowment policy term assurance life assurance life insurance estate for life endowment-linked mortgage endowment mortgage life assured perpetuity life annuity

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