Login or register (free and only takes a few minutes) to participate in this question.You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy. This question was closed without grading. Reason: Answer found elsewhere
|
|
Danish to English translations [PRO]
Insurance | | Danish term or phrase: Kapital pension privat | | thanks! |
|   William HeKudoZ activityQuestions: 96 (none open) ( 5 without valid answers) ( 9 closed without grading) Answers: 658
China
| | Local time: 19:49
|
| |
| Discussion entries: 0 |
|---|
Automatic update in 00:
|
4 mins confidence:   peer agreement (net): -1
1 hr confidence:
4 days confidence: endowment policy
Explanation:
Endowment policies are modifications of whole life. Like whole life, part of the premium goes to build up a cash value fund. An endowment policy generally has a higher premium than a whole life policy for the same amount of insurance because more of the premium is devoted to building cash value. The endowment is designed to terminate and pay out the cash amount at a designated time, such as after a prescribed number of years (for example, 20 year endowment, 30 year endowment) or at a specific age (for example, endowment at 60, endowment at 65).
OR
An endowment policy has all of the same elements as a regular whole life policy. Specifically, it pays the policy's face amount if the insured dies during the endowment period, or it pays the face amount to the insured if he or she survives to the end of the endowment period. When the premium period is ended, the endowment matures on the maturity date and pays out the face amount.
Reference: http://insurance.freeadvice.com/insurance_help.php/101_149_3...
Reference: http://www.finweb.com/insurance/endowments.html
| | | | Login to enter a peer comment (or grade) |
Return to KudoZ list
|
| | | | X Sign in to your ProZ.com account... | | | | |
| KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases. See also: Search millions of term translations  |
The translation workplace 
