What Does Endowment Mean?

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What does Endowment mean? Read on to discover the definition & meaning of the term Endowment - to help you better understand the language used in insurance policies.

Endowment

Endowment

A life insurance contract which provides for the payment of the face amount at the end of a fixed period, at a specified age of the insured, or at the death of the insured before the end of the stated period.

We hope the you have a better understanding of the meaning of Endowment.

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