Endowment Policy
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
In insurance; a policy of life insurance payable to the insured during his lifetime, if he arrive at a certain age. In one aspect, it is a contract payable in the event of a continuance of life; in the other, in the event of death before the period specified.
86 N. Y. 17.