What Does Endowment Period Mean?
What does Endowment Period mean? Read on to discover the definition & meaning of the term Endowment Period - to help you better understand the language used in insurance policies.
Endowment Period
Period specified in an endowment policy during which, if the insured dies, the beneficiary receives a death benefit. If the insured is still living at the end of the endowment period, the insured receives the endowment as a living benefit.
We hope the you have a better understanding of the meaning of Endowment Period.
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