endowment assurance
Noun
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Noun
endowment assurance (plural endowment assurances)
- (insurance) A form of life insurance paying a lump sum to the policyholder on survival to a fixed date, or to the estate or beneficiaries if the policyholder dies before that date.
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.002