What Does Pure Endowment Mean?

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

Pure Endowment

Pure Endowment

Contract providing for payment only upon survival of a certain person to a certain date and not in the event of that person's prior death. This type of contract is just the opposite of a term contract, which provides for payment only in the event the injured person dies within the term period specified.

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

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