ENDOWMENT INSURANCE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("endowment insurance" is a kind of...):

life assurance; life insurance (insurance paid to named beneficiaries when the insured person dies)

Credits