What is another word for endowment insurance?
17 synonyms found
[ ɛndˈa͡ʊmənt ɪnʃˈʊ͡əɹəns], [ ɛndˈaʊmənt ɪnʃˈʊəɹəns], [ ɛ_n_d_ˈaʊ_m_ə_n_t ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]
Endowment insurance is a form of life insurance that provides both a death benefit and a savings component. Synonyms for endowment insurance include endowment policy, endowment plan, endowment assurance, savings policy, and investment-linked policy. It is designed to provide a lump sum payout to the policyholder either upon the end of the policy term or in the event of the policyholder's death. Other types of life insurance include whole life, term life, and universal life insurance. Endowment insurance is a valuable option for those who wish to save money while also providing their loved ones with financial security upon their death.
Related words: endowment life insurance, life insurance, whole life insurance, term life insurance, term endowment insurance
What is endowment life insurance?
How much does endowment life insurance cost?
What is endowment money used for?
Are there different types of life insurance?
What is the best type of life insurance?