Endowment Policy
Defined in 3 dictionaries — Cyclopedic (1922), Ballentine's (1916), Black's (1910)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
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.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
In life insurance. A policy the amount of which is payable to the assured himself at the end of a fixed term of years, if he is then living, or to his heirs or a named beneficiary if he shall die sooner.
Defined under Policy of Insurance in Black's Law Dictionary.