Endowment Policy Definition

noun
An insurance policy by which a stated amount is paid to the insured after the period of time specified in the contract, or to the beneficiaries in case the insured dies within the time specified.
Webster's New World

A life assurance savings scheme designed to pay out a lump sum when the policy matures.

Wiktionary
adjective
Attributive form of endowment policy, noun.
Wiktionary

Other Word Forms of Endowment Policy

Noun

Singular:
endowment policy
Plural:
endowment policies

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endowment policy

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