endowment insurance

[en-dou-muhnt in-shoor-uhns, -shur-]

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.

Word History and Origins

Origin of endowment insurance¹

An Americanism dating back to 1860–65

Example Sentences

"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.

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“Why, he said he could only get together two thousand dollars at present, but that later he would have some endowment insurance falling due––” “How soon?”

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He had held shipping shares too long and had sold a fully-paid endowment insurance policy in the vain endeavour to replace by adventurous investment that which the sea had swallowed up.

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You will be able to cease term insurance, if you wish, and have ordinary life, limited payment life, or endowment insurance.

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

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