Full Endowments
A full endowment is a with-profits endowment where the basic sum assured is equal to the death benefit at start of policy and, assuming growth, the final payout would be much higher than the sum assured.
Read more about this topic: Endowment Policy
Famous quotes containing the words full and/or endowments:
“Reading maketh a full man; conference a ready man; and writing an exact man.”
—Francis Bacon (1561–1626)
“Women generally should be taught that the rough life men must needs lead, in order to be healthy, useful and manly men, would preclude the possibility of a great degree of physical perfection, especially in color. It is not a bad reflection to know that in all probability the human animal has endowments enough without aspiring to be the beauty of all creation as well as the ruler.”
—Caroline Nichols Churchill (1833–?)