What Does It Mean When A Life Insurance Policy Endows?

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   Ted Ratliff

   Owner, SFS Associates,

   This is the point where a life insurance policy pays its death benfit wether you live or die.  Most life insurance policies today do not endow until age 120.  There are still some policies that will endow sooner, 20 or 30 years.  Endowment policies used to be very popular but I have not seen too many lately.  This is not to be confused with policies that are Paid up at a certain age or period.

   Answered on May 6, 2013

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