Endowment Insurance

Business, Legal & Accounting Glossary

Definition: Endowment Insurance

Quick Summary of Endowment Insurance

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy–that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Endowment Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 21, 2021 https://payrollheaven.com/define/endowment-insurance/.
Chicago Manual of Style (CMS):
Endowment Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/endowment-insurance/ (accessed: September 21, 2021).
American Psychological Association (APA):
Endowment Insurance. PayrollHeaven.com. Retrieved September 21, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/endowment-insurance/

Definition Sources

Definitions for Endowment Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 0 Views.