Endowment

An older type of life policy that pays out either at death or on a set “maturity” date if you’re still living — built to force savings toward a future goal.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.