Endowment insurance is a type of life insurance that pays a particular sum directly to the policyholder at a stated date, or to a beneficiary if the policyholder dies before this date.
Endowment insurance can be considered a type of savings plan, as it provides for a lump sum payment inthe event the insured survives to the end of the specified period.
Endowment insurance is a type of life insurance contract designed to pay a lump sum after a specifiedterm.
Endowment insurance is a type of life insurance that pays a particular sum directly to the policyholderat a stated date, or to a beneficiary if the policyholder dies before this date.