Endowment

Life InsuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." payable to the policyholderThe person who owns the insurance policy. This is usually the insured person, but it may also be a relative if living, on the maturity dateThe stated date on which all or a stated portion or the principal amount of a security becomes due and payable. stated in the policyThe written contract of insurance., or to a beneficiaryThe person, persons or entity designated to receive the death benefits from a life insurance policy or annuity contract. if the InsuredThe policyholder - the person(s) protected in case of a loss or claim. dies prior to that date.