What does Endowment Mortgage mean? Read on to discover the definition & meaning of the term Endowment Mortgage - to help you better understand the language used in insurance policies.
Loan arrangement under which only interest is paid to the lender while the principal repayment installments are paid into a life insurance policy which matures on the same date the mortgage becomes due. Compare with repayment mortgage.
We hope the you have a better understanding of the meaning of Endowment Mortgage.