Who Does Endowment Life Insurance? 
Endowment life insurance is any life insurance contract with a guaranteed provision to endow . In the traditional sense , endow typically means that guaranteed cash value in the policy will one day equal the death benefit . So , after paying premiums over a certain period of time , the cash value accumulated in the policy will grow to equal the death benefit . In the mean time -LRB- prior to endowing -RRB- if the insured under the contract should die , the insurance company will pay the full death benefit to the beneficiaries . 