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Simple English definitions for legal terms

endowment life insurance

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A quick definition of endowment life insurance:

Endowment life insurance is a type of life insurance that pays out either to the insured person at the end of the policy period or to their beneficiary if the insured person dies before the period ends. It's like a savings plan and insurance policy combined. If the insured person lives until the end of the policy period, they receive a lump sum payment. If they die before the end of the period, their beneficiary receives the payment instead.

A more thorough explanation:

Endowment life insurance is a type of life insurance that pays out either to the insured or their beneficiary at the end of the policy period or if the insured dies before the period ends. It is also known as endowment insurance.

For example, if someone purchases a 20-year endowment life insurance policy and lives until the end of the 20 years, they will receive a payout. If they die before the 20 years are up, their beneficiary will receive the payout.

Endowment life insurance is different from other types of life insurance, such as term life insurance, which only pays out if the insured dies during the policy term.

endow | endowment policy

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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