What does Juvenile Endowment Policy mean? Read on to discover the definition & meaning of the term Juvenile Endowment Policy - to help you better understand the language used in insurance policies.
Juvenile Endowment Policy
A juvenile endowment policy is insurance bought by a parent for a child. Insurance money is awarded to the insured child once the policy matures, or a death benefit is paid to the beneficiary if the child dies before the maturity of the policy.
We hope the you have a better understanding of the meaning of Juvenile Endowment Policy.