endowment insurance

Definitions

  • WordNet 3.6
    • n endowment insurance 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
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Webster's Revised Unabridged Dictionary
    • Endowment insurance a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. Also called whole life insurance.
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Usage

In literature:

It insures their eternal fixity, and this property surely endows them with a very genuine and sublime reality.
"The Life of Reason" by George Santayana
All the way along he insured the trailers on the straight life, endowment, or accident policies, or for sick benefits.
"Seeds of Pine" by Janey Canuck
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In news:

You may also choose to create an endowment or make a gift of life insurance, retirement plan assets, real estate, stocks, bonds or securities.
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