Diane Costagliola is a researcher, librarian, instructor, and writer who has published articles on personal finance, home buying, and foreclosure. Investopedia / Julie Bang The endowment effect refers ...

Life assurance schemes with the additional feature of a huge lump sum payment at the end of a period, should the policyholder survive. One important use is for the repayment of house mortgages.

Endowment insurance is a type of life insurance policy that provides coverage to the policyholder which helps them save regularly over a specific period of time and allows them to get a lump sum ...