endowment policy
31endowment insurance — 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 • Hypernyms: ↑life insurance, ↑life assurance …
32endowment assurance — An assurance policy that pays a specified amount of money on an agreed date or on the death of the life assured, whichever is the earlier. As these policies guarantee to make a payment (either to the policyholder or his or her dependants) they… …
33policy — Synonyms and related words: accident insurance, action, actuary, annuity, approach, arrangement, assurance, autarky, aviation insurance, bail bond, behavior, bimetallism, bingo, bond, business life insurance, card games, casualty insurance,… …
34endowment mortgage — A mortgage in which repayment of the principal is made principally by means of an endowment assurance policy. In the UK in the 1980s and 1990s, many first time home buyers were encouraged to take out this form of mortgage (which earns the… …
35endowment — noun Endowment is used before these nouns: ↑mortgage, ↑policy …
36endowment mortgage — noun Brit. a mortgage linked to an endowment insurance policy which is intended to repay the capital sum on maturity …
37endowment assurance — /ɪn daυmənt əˌʃυərəns/, endowment insurance /ɪn daυmənt ɪnˌʃυərəns/ noun an insurance policy where a sum of money is paid to the insured person on a certain date or to his heirs if he dies before that date …
38endowment insurance — life insurance providing for the payment of a stated sum to the insured if he or she lives beyond the maturity date of the policy, or to a beneficiary if the insured dies before that date. [1860 65, Amer.] * * * …
39Accelerative Endowment — An option in a whole life insurance policy to use accumulated dividends to convert the policy into an endowment policy prior to its normal maturity date. An endowment policy provides for a lump sum payment to the insured after a certain period.… …
40equity-linked policy — An insurance or assurance policy in which a proportion of the premiums paid are invested in equities. The surrender value of the policy is therefore the selling price of the equities purchased; as more premiums are paid the portfolio gets larger …
