Sentences with endowment policy
- An endowment policy is designed to provide a lump sum on maturity.An endowment policy will pay you a fixed amount on a set date or if you die before that date; in other words it's both a way of saving and a life insurance policy.An endowment policy is an insurance policy that provides life coverage, but that pays a sum of money if the policyholder is still alive after an agreed period of time.