The meaning of ENDOWMENT INSURANCE is life insurance in which the benefit is paid to the policyowner if he or she is still living at the end of the policy's term (as 20 years).
endowment policy meaning, definition, what is endowment policy: an insurance arrangement that pays you a...: Learn more.
Many persons are attracted to endowment insurance by the oft expressed thought that "you don't have to die to beat it." FromProject Gutenberg Word of the Day March 04, 2025 fenny [fen-ee] Meaning and examples Start each day with the Word of the Day in your inbox!
synonyms (176) Words with the same meaning Altmann theory DNA De Vries theory Galtonian theory Mendelianism Mendelism RNA TLC Verworn theory Weismann theory Weismannism Wiesner theory abilities ability accommodation accomplishment accordance accouterment allele allelomorph ...
Sadly, Mortimer doesn't make it to age 65. He passes away 10 years early. The life insurance company that issued his endowment policy will pay his beneficiary $250,000 immediately. Dividends Paid to an Endowment Policy Endowment policies were often participating contract meaning they earned divide...
An endowment policy is a type of life insurance policy that provides a lump-sum payout upon maturity or in the event of the policyholder's death. This payout, also known as the maturity value, can be used for a variety of purposes, such as funding a child's education, planning for re...
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A modified endowment contract (MEC) is a cash value life insurance policy that has lost its tax benefits because it contains too much cash. Once the Internal Revenue Service (IRS) relabels your life insurance policy as an MEC, it loses the tax breaks for withdrawals and loans that you make...
2. A provision in some life insurance agreements whereby the insurance company pays the death benefit when the policyholder reaches a certain age. For example, rather than waiting for death to actually occur, the company may pay the death benefit when the policyholder turns 100 years old. ...
Definition of endowment fund in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is endowment fund? Meaning of endowment fund as a finance term. What does endowment fund mean in finance?