pure endowment
Noun
Meaning
pure endowment (plural pure endowments)
(insurance) A form of life insurance paying a lump sum to the policyholder on survival to a fixed date, with no payment if the policyholder dies before that date.
Noun
pure endowment (plural pure endowments)
(insurance) A form of life insurance paying a lump sum to the policyholder on survival to a fixed date, with no payment if the policyholder dies before that date.