What does Life - Endowment mean? Read on to discover the definition & meaning of the term Life - Endowment - to help you better understand the language used in insurance policies.
Life - Endowment
Insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.
We hope the you have a better understanding of the meaning of Life - Endowment.