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


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Page URL
https://payrollheaven.com/define/endowment-insurance/
Modern Language Association (MLA):
Endowment Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 20, 2020 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: October 20, 2020).
American Psychological Association (APA):
Endowment Insurance. PayrollHeaven.com. Retrieved October 20, 2020, 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.