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endowment insurance

American  
[en-dou-muhnt in-shoor-uhns, -shur-] / ɛnˈdaʊ mənt ɪnˌʃʊər əns, -ˌʃɜr- /

noun

  1. life insurance providing for the payment of a stated sum to the insured if they live beyond the maturity date of the policy, or to a beneficiary if the insured dies before that date.


Etymology

Origin of endowment insurance

An Americanism dating back to 1860–65

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

"When a person has no medical insurance, unemployment insurance or endowment insurance, how can that person dare spend all their money?" said Tang Jun, a sociology researcher with the China Academy of Social Sciences.

From Washington Post Jul. 14, 2010

When issued as endowment insurance policies in 1925.

From Time Magazine Archive

Adjusted Service Compensation Certificates are in the nature of endowment insurance policies payable 20 years after application or upon death.

From Time Magazine Archive

To the remaining soldiers there will be given the equivalent of a paid-up 20-year endowment insurance policy for the amount of the adjusted service credit plus 25%, with interest of 4% compounded annually.

From Time Magazine Archive

Many persons are attracted to endowment insurance by the oft expressed thought that "you don't have to die to beat it."

From Modern Economic Problems Economics Volume II by Frank Albert Fetter

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