What does Accelerative Endowment mean? Read on to discover the definition & meaning of the term Accelerative Endowment - to help you better understand the language used in insurance policies.
An acceleration endowment is a method of arranging the dividends of a life insurance policy to essentially convert it into an endowment policy. Over time the dividends build up, and the policy allows for the insured to collect a lump sum after a certain amount of time before the policy would normally mature.
We hope the you have a better understanding of the meaning of Accelerative Endowment.