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ENDOWMENT POLICY Definition & Legal Meaning

Definition & Citations:

In life insurance. A policy which is payable when the insuredreadies a given age. or upon his decease, if that occurs earlier. Carr v. Hamilton, 129 U.S. 252, 9 Sun. Ct. 295. 32 L. Ed. 009; State v. Orear. 144 Mo. 157, 45 S. W. 1081.


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