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Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia

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Section <strong>14</strong>.4<br />

Life Insurance<br />

endowment<br />

life insurance that<br />

provides coverage<br />

for a specific<br />

period of time <strong>and</strong><br />

pays a sum of<br />

money to the<br />

policyholder if he<br />

or she is living at<br />

the end of the<br />

endowment<br />

period<br />

Other Types of Life Insurance Policies<br />

Other types of life insurance policies include:<br />

• Group life insurance<br />

• Credit life insurance<br />

• Endowment life insurance<br />

<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />

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