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Endowment insurance   /ɛndˈaʊmənt ɪnʃˈʊrəns/   Listen
Endowment insurance

noun
1.
Life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured.





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"Endowment insurance" Quotes from Famous Books



... the furniture and a little over one hundred pounds net. Mr. Share had illustrated the ancient maxim that it is easier to make money than to keep it. He had held shipping shares too long and had sold a fully-paid endowment insurance policy in the vain endeavour to replace by adventurous investment that which the sea had swallowed up. And Lilian was helpless. She could do absolutely nothing that was worth money. She could not begin to earn a livelihood. As for relatives, there ...
— When Winter Comes to Main Street • Grant Martin Overton


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