Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small
Endowment Insurance
Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy -- that is, the amount paid at death. If the policyholder dies sooner, the beneficiary named in the policy receives the proceeds.