0 an agreement in which you pay money regularly so that you will receive a large agreed amount of money at an agreed later date or when you die
1 an endowment :
A further problem relates to endowment mortgages, where the amount outstanding remains at the original level until the endowment policy matures and the whole of the mortgage is repaid.
He was shown the judge's handwritten memo, which clearly stated that the endowment policy was to be shared.
This business is something like endowment policy business except that it is not secured on the life of any person.
So far, the life assurance business, the deferred annuity business, the endowment policy business have all flourished notwithstanding increases in standards of social security.
He may provide for an endowment policy at sixty-five or seventy.
But an endowment policy has a further averaging quality.
Suppose there is an endowment policy payable at the end of 20 years or on death.
This may be the same policy —a whole-life policy is converted as the same policy into an endowment policy involving the trebling of the premium.
