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endowment insurance

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endowment insurance

A type of life insurance that may produce profits. An endowment policy will run for a fixed number of years during which it accumulates a cash value; it can provide a savings plan for a retirement fund.
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Endowment insurance combines protection with a systematic and guaranteed accumulation of capital.
Insuring your life: life insurance could be one of the more important ... by Donnellon, Brien / Swiss News
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