What's The Difference Between Whole Life Insurance And Endowment Insurance? 
Actually whole life is a type of endowment . An endowment policy is a policy designed with the cash value equaling the face amount at a given age or after a set number of years . A whole life policy is an Endowment at age 100 . Other examples are endowment at 65 , 20 year endowment , etc. . In Canada , if the cash value of a policy exceeds that of an endowment at age 85 , then the policy is non-exempt and is subject to accrual taxation . Consequently , endowments are not usually available . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . 