GLOSSARY

ENDOWMENT

10 May 2016 By PDSNET

An endowment insurance policy is a type of savings/investment. A pure endowment offers no risk or term insurance. The problem with these policies is that they generally give a very low return and are difficult to get out of. Insurance companies usually add a term element to obscure the true return on the investment element. We do not advise the purchase of these policies.

Share this glossary term: