A form of life insurance that pays the face value to the insured either at the end of the contract period or upon the insured's death. This is in contrast to life insurance, which pays the f [..]

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy -- that is, the amount paid at death. If the policyholder dies sooner, the [..]

A combination of protection and savings whereby the money will be paid at the end of a specific period upon your demise or if you suffer total and permanent disability.

Definition A type of life insurance that is payable to the insured if he/she is still living on the policy's maturity date, or to a beneficiary otherwise.

A kind of life insurance policy providing benefits (1) if death occurs within a pre-determined number of years, or (2) if after a pre-determined number of years, the insured is still living.

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)

Endowment insurance is a life insurance policy that pays an assured sum on a fixed date or upon the death of the insured, whichever is earlier. For example, an endowment policy that provides benefits [..]

An endowment insurance policy is one that offers you a combination of savings and life insurance. You make regular payments for the policy term, after which you're entitled to a lump sum. If you die during the policy term your policy pays out a predetermined lump sum. An endowment insurance policy is often tied to a mortgage with the intention [..]

A combination of protection and savings whereby the money will be paid at the end of a specific period upon your demise or if you suffer total and permanent disability

A form of life insurance payable to the insured person if they are living at the end of the endowment period or to a beneficiary if the insured person dies before the endowment date.

Life insurance where the face amount is payable to the insured at the end of the contract period or to a beneficiary if the insured dies before that (e.g., an insured purchasing an endowment payable a [..]