- endowment policy
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n.an insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified
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Universalium. 2010.
endowment policy
Look at other dictionaries:
endowment policy — UK US noun [countable] [singular endowment policy plural endowment policies] a type of insurance policy that you pay money to for an agreed period. At the end of this time, the money that you have invested is used for paying a large amount of… … Useful english dictionary
endowment policy — ☆ endowment policy n. an insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified … English World dictionary
Endowment policy — An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its maturity ) or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out… … Wikipedia
endowment policy — A policy which combines investment with insurance and runs for a specific period. It builds up a cash value, generally on either a with profit or with unit linked basis and is paid out at the end of the policy term or when you die (whichever is… … Financial and business terms
endowment policy — UK / US noun [countable] Word forms endowment policy : singular endowment policy plural endowment policies a type of insurance policy that you pay money to for an agreed period. At the end of this time, the money that you have invested is used… … English dictionary
endowment policy — noun a life assurance savings scheme designed to pay out a lump sum when the policy matures See Also: endowment linked mortage … Wiktionary
endowment policy — /ɪn daυmənt ˌpɒlɪsi/ noun same as endowment assurance … Dictionary of banking and finance
endowment policy — en dowment .policy n BrE technical an insurance arrangement that pays you a sum of money after an agreed period of time … Dictionary of contemporary English
endowment policy — noun (C) technical an insurance arrangement that pays you an agreed sum of money after a period of time … Longman dictionary of contemporary English
Endowment selling — is the practice in the United Kingdom of selling an endowment policy to a third party. This is often an attempt to gain more money than the value given when surrendering the policy to the original life assurance company.BackgroundWith profits… … Wikipedia
