Endowment Life Insurance

Endowment Life Insurance

http://insureme.us/endowment-life-insurance/

Endowment insurance, also more commonly known as endowment life policy or endowment policy, is an insurance policy that guarantees a sum of money that the insured or their beneficiaries will get when the predetermined contract period reaches its end.  It is a contract specifically intended to pay a lump sum after a specific term or on earlier death, whether the policyholder lives until the policy reaches its maturity or dies sooner. When the insurance period or term reaches its end, the policyholder will collect the benefit of the insurance policy or the amount paid at death except if the policyholder died earlier; in which case the policyholder’s beneficiary will get the money, leaving the insured’s family financially independent.