endowment policy

endowment policy
endowment policy
n.
an insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified

English World dictionary. . 2014.

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  • endowment policy — UK US noun [countable] [singular endowment policy plural endowment policies] a type of insurance policy that you pay money to for an agreed period. At the end of this time, the money that you have invested is used for paying a large amount of… …   Useful english dictionary

  • endowment policy — ☆ endowment policy n. an insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified * * * …   Universalium

  • Endowment policy — An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its maturity ) or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out… …   Wikipedia

  • endowment policy — A policy which combines investment with insurance and runs for a specific period. It builds up a cash value, generally on either a with profit or with unit linked basis and is paid out at the end of the policy term or when you die (whichever is… …   Financial and business terms

  • endowment policy — UK / US noun [countable] Word forms endowment policy : singular endowment policy plural endowment policies a type of insurance policy that you pay money to for an agreed period. At the end of this time, the money that you have invested is used… …   English dictionary

  • endowment policy — noun a life assurance savings scheme designed to pay out a lump sum when the policy matures See Also: endowment linked mortage …   Wiktionary

  • endowment policy — /ɪn daυmənt ˌpɒlɪsi/ noun same as endowment assurance …   Dictionary of banking and finance

  • endowment policy — en dowment .policy n BrE technical an insurance arrangement that pays you a sum of money after an agreed period of time …   Dictionary of contemporary English

  • endowment policy — noun (C) technical an insurance arrangement that pays you an agreed sum of money after a period of time …   Longman dictionary of contemporary English

  • Endowment selling — is the practice in the United Kingdom of selling an endowment policy to a third party. This is often an attempt to gain more money than the value given when surrendering the policy to the original life assurance company.BackgroundWith profits… …   Wikipedia

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