endowment insurance
noun
life insurance providing for the payment of a stated sum to the insured if he or she lives beyond the maturity date of the policy, or to a beneficiary if the insured dies before that date.
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Nearby words
endotrophic mycorrhiza, endovasculitis, endow, endowment, endowment assurance, endowment insurance, endowment mortgage, endozoic, endpaper, endpin, endplate
Origin of endowment insurance
An Americanism dating back to 1860–65
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019