What Does Juvenile Endowment Policy Mean?

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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

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.

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