Is endowment insurance a Ponzi scheme?

First of all, Ponzi scheme does not return the money of the last participant. There is also endowment insurance, as long as the company does not close down, you will definitely get endowment insurance.

Secondly, Ponzi scheme takes high return on investment as bait. Although the interest rate of endowment insurance is higher than that of banks, within a reasonable range, the income guarantee is the lowest.