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Meaning of endowment assurance | Babel Free

Noun CEFR B2

Definitions

A form of life insurance paying a lump sum to the policyholder on survival to a fixed date, or to the estate or beneficiaries if the policyholder dies before that date.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

endowment effect endowment mortgage endowment policy endowment-linked mortgage Endowments Endows

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