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Endowment insurance |
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Endowment insuranceA 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 MatchesFactor endowmentFactor endowmentThe quantity of a primary factor present in a country. See endowment. Full endowmentFull endowmentAn endowment policy in which the savings element is significantly increased. Endowment mortgageEndowment mortgageAn 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. EndowmentEndowmentThe 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 endowmentChild deferred endowmentAn 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 Suggestionsendowment assuranceLow 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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