Definitions for "Endowment policy"
If you have this type of insurance policy, it will pay out a lump sum on a fixed date in the future, or when you die, if this happens earlier.
An investment, including adequate life assurance, that can be linked to a mortgage loan to pay off the capital at the end of the term.
A policy which is designed to pay off the capital on an interest-only mortgage.
Keywords:  reinsurance
a long-term investment and its growth relates to and depends upon the performance of the stock market
a regular savings or investment which is usually associated with mortgages
a savings plan that runs for the same term as a mortgage, and on maturity the endowment should repay the loan