Endowment insurance


 

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Endowment insurance

A cash value life insurance policy with a fixed term. Premiums are applied to give life insurance cover for the face amount and at the end of the term the cash value will equate to the face amount and be payable.



Similar Matches

Factor endowment

Factor endowment

The quantity of a primary factor present in a country. See endowment.


Full endowment

Full endowment

An endowment policy in which the savings element is significantly increased.


Endowment mortgage

Endowment mortgage

An interest-only mortgage ultimately repaid by the proceeds of an endowment assurance policy which is assigned to the lender providing the mortgage. The policyholder pays the lender's interest only, for the term of the mortgage. The sum assured, which is payable on maturity or prior death of the policyholder, is used to repay the mortgage. Policies are usually with profits (or low cost endowment), unit linked or unitised with profits and sometimes this provides some additional capital for the policyholder after the lender has been repaid.


Endowment

Endowment

The amount of something that a person or country simply has, rather than their having somehow to acquire it. In the H-O Model of trade theory, endowments refer to primary factors of production, ignoring the fact that some of them -- especially capital and skill -- are deliberately accumulated.


Child deferred endowment

Child deferred endowment

An endowment assurance, on the life of a child, which can be taken as cash at maturity or converted to a full endowment or whole life assurance.


Further Suggestions

endowment assurance
Low start endowment
Full with profit endowment
unit linked endowment assurance
Unit linked endowment
pure endowment
Non profit endowment
Low cost endowment
second hand endowment
endowment
income pure endowment
Endowment
Unitised with profit endowment
income endowment
Traded endowment policy (Tep)


 
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