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:
“The world can doubtless never be well known by theory: practice is absolutely necessary; but surely it is of great use to a young man, before he sets out for that country, full of mazes, windings, and turnings, to have at least a general map of it, made by some experienced traveller.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
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—Caroline Nichols Churchill (1833–?)