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Endowment insurance   /ɛndˈaʊmənt ɪnʃˈʊrəns/   Listen
Endowment insurance

noun
1.
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.






WordNet 3.0 © 2010 Princeton University








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Words linked to "Endowment insurance" :   life insurance, life assurance



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