Accelerative Endowment
Barron's Insurance Dictionary:
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Accelerative Endowment
Life insurance policy option under which the dividends that have accrued may be applied to mature the policy as endowment insurance.
| Acceleration Life Insurance, Accelerated Option, Accelerated Depreciation | |
| Acceptance, Accident, Accident Frequency |
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Accelerative Endowment
Investopedia Financial Dictionary:
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Accelerative Endowment
An option in a whole life insurance policy to use accumulated dividends to convert the policy into an endowment policy prior to its normal maturity date. An endowment policy provides for a lump sum payment to the insured after a certain period.
Investopedia Says:
An accelerative endowment is a form of an accelerated option that allows policyholders to access the value of their life insurance policies prior to death. The lump sum received can be invested any way you want or it can be used to buy an annuity policy to generate some fixed income.
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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