Definitions
There is 1 meaning of the phrase
Endowment Insurance.
Endowment Insurance - as a noun
Life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured
Example Sentences
"I purchased endowment insurance to ensure financial stability for my family in the event of my untimely death."
"Many people choose endowment insurance as a means of saving money and getting life coverage."
"The primary purpose of endowment insurance is to provide a financial safety net for the insured and their dependents."
"My parents bought me an endowment insurance policy when I turned 18 to secure my future."
"The endowment insurance plan allows for significant tax advantages and exemptions."
