endowment insurance
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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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Origin of endowment insurance
An Americanism dating back to 1860–65
Words nearby endowment insurance
endovasculitis, endow, endowed, endowment, endowment assurance, endowment insurance, endowment mortgage, endozoic, endpaper, end piece, endpin
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021