What Is A Endowment Plan In Life Insurance? 
An Endowment Plan , is a life insurance policy that is designed so that the guaranteed cash value equals the face amount of the policy at a specified age or time . A whole life policy is for example an Endowment at age 100 , since that is when the guaranteed cash value equals the face amount . 20 year Endowments and Endowments at ages 65 and 70 used to be quite popular savings vehicles . In Canada , the government legislated the maximum cash value to death benefit ratio permitted needed to keep the policy exempt from accrual taxation to that of Endowment at age 85 . The result being that insurance companies do not issue those Endowments anymore . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 