Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Pure Endowment

An amount of money that is payable at the end of an endowment’s policy period if the insured is alive. If the insured has died, there is nothing paid in the form of benefits. This is typically illegal unless it is combined with a form of life insurance.

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