What Is A Life Insurance Endowment Policy? 
Permanent life insurance policies are endowment policies . They all have an endowment date . That is the date when the face amount and cash value will be equal . It is also the date that the policy terminates . Short term endowments were quite popular savings programs in the past but are not as popular as they once were . However , if you want a specific amount of money by a specific date , an endowment contract might be the answer because it will complete itself if you dont survive to that date . 