What is the Definition of Pure Endowment?

What is the Definition of Pure Endowment?

A life insurance contract that pays a periodic income benefit for the life of the owner of the annuity. The payment can be monthly, quarterly, semiannually or annually.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Pure Endowment?

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A type of automobile that is typically sold and made up of separate components that are assembled by the buyer. Kit cars usually require specialized car insurance.


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A period of time when someone goes without insurance coverage.


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A contract granting use or occupation of property during a specified period, in exchange for a specified rent.


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