What is an Endowment Policy? Definition An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its ‘maturity’) or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness. Free Government Grants – How Do You Get Them Every year in the USA the Federal Government approves around $140 billion worth of free Government grants to a wide array of people. The big difference you will soon discover between these grants and you obtaining a personal or business loan is that you are not required to repay the monies you have been given. Also with such grants no credit checks need to be completed before you apply for them even if your credit history proves to be less than favorable when you apply for one as an individual. This same rule also goes for businesses where one of the partners in it has a poor or bad credit rating or history. Why You Shou...