Does Whole Life Insurance Mature?
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63333 POINTSview profilePeggy MaceMost of the U.S.Yes, Whole Life Insurance matures, usually at age 100. The maturity date is when the cash value equals the face amount of the policy. This is also called endowment. If you pay a higher premium in the earlier years of a Whole Life insurance policy, the policy can mature at an earlier age than 100.Answered on November 29, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA whole life policy accumulates cash value in order to maintain a face amount at a level premium. There is a point in the design of every whole life policy where the cash value equals the face amount. At that point the policy endows or matures. With increasing longevity companies are leaning to every later dates for maturity.Answered on January 16, 2015flag this answer
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