endowment policy

noun

a life assurance savings scheme designed to pay out a lump sum when the policy matures

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nounendowment policy (plural endowment policies)

plural endowment policies

  1. a life assurance savings scheme designed to pay out a lump sum when the policy matures
Cite this entry
APA

endowment policy. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/endowment%20policy

MLA

“endowment policy.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/endowment%20policy. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “endowment policy,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/endowment%20policy.

Source: endowment policy on Wiktionary, CC BY-SA 4.0.