An Endowment policy may be a life assurance contract designed to pay a payment when a selected term (on its 'maturity') or on death. Typical maturities are fifteen, twenty or 25 years up to a precise ordinance. Some policies additionally pay within the case of essential unwellnessalso, you can take accidental rider and premium waiver benefit that increase your Risk cover. Policies are usually ancient with-profits or unit-linked (including those with unitized with-profits funds).