You can get a new endowment as an investment that includes life insurance. If you have one already, there are several ways you can get a payout. Here is everything you need to know about what they are how they work and how they are taxed. An endowment policy is a long-term investment, which you take out through a life insurance company.
What is an endowment policy and when should you go for it
The Truth About Endowment Life Insurance Policies
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Everything you need to know about endowments
Endowment insurance is available in participating and non-participating forms. Find out how endowment insurance works and what to watch out for. But unlike deposits, you may not get back what you put in.
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term on its 'maturity' or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.