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What is endowment life insurance? Was this impacted by the 1

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What is endowment life insurance? Was this impacted by the 1984 tax code act? Please explain.

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What is endowment life insurance? Was this impacted by the 1984 tax code act?

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Endowment life insurance is a life insurance policy that pays a specific amount (as per the type and terms for the policy chosen), and pays the amount after a certain amount of time has elapsed, or pays on the insured's death, whichever comes first per the policy agreement.

Generally, the maturity period for an endowment life insurance policy is ...

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