| / English Dictionary |
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)
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