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.
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.