Endowment to age 65 insurance provides coverage for a specific period of time during an insured person’s life. This type of insurance guarantees a benefit, as well as a cash value component which is paid to you at the end of the endowment term or to your beneficiary should you pass away.
There are other benefits too. You can purchase one of these benefits with the Endowment Plan:
Accidental Death and Dismemberment
Payer’s Waiver (This option is only available when the owner and insured person are different.)