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endowment insurance
[ en-dou-muhnt in-shoor-uhns, -shur- ]
/ ɛnˈdaʊ mənt ɪnˌʃʊər əns, -ˌʃɜr- /
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noun
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.
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Origin of endowment insurance
An Americanism dating back to 1860–65
Words nearby endowment insurance
endotrophic mycorrhiza, endow, endowed, endowment, endowment assurance, endowment insurance, endowment mortgage, endozoic, endpaper, endpin, end plate
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use endowment insurance in a sentence
Endowment insurance policies of these lodges for which there is an annual fee from $2 to $4 are for the most part optional.