What Does Endowment Period Mean?

Free Business Insurance Quote Click Here
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

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.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here