MLchartDataset catalogue

Endowment insurance

Term · Law · MLC-T-LAW-001866

A type of life insurance policy that pays out a lump sum to the policyholder after a specified term (e.g., 10, 15, or 20 years) or upon the policyholder's death, whichever comes first. If the insured survives the term, they receive the endowment amount; if they die during the term, the death benefit is paid to beneficiaries. These policies combine a savings component with life insurance coverage.

Table 1. Record
IdentifierMLC-T-LAW-001866
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001866",
  "term": "Endowment insurance",
  "field": "Law",
  "definition": "A type of life insurance policy that pays out a lump sum to the policyholder after a specified term (e.g., 10, 15, or 20 years) or upon the policyholder's death, whichever comes first. If the insured survives the term, they receive the endowment amount; if they die during the term, the death benefit is paid to beneficiaries. These policies combine a savings component with life insurance coverage.",
  "url": "https://mlchart.com/terminology/law/endowment-insurance/"
}

Record 1,755 of 5,439 in Law terminology (MLC-0107). Request the full dataset.