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	<title>New answer on: Does Life Insurance Mature?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-mature</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Fri, 28 Jun 2013 22:30:38 +0000</pubDate>

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		<description><![CDATA[Life Insurance matures when the guaranteed cash value of the policy equals the face amount of the policy. This cannot happen in Term life because there is no cash value in Term insurance. Whole Life and some Universal Life policies will mature if the proceeds are not paid out as a death benefit prior to the policy maturing.]]></description>

		

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		<title>By: Jerry Vanderzanden, CLU, ChFC</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-mature</link>

		<dc:creator>Jerry Vanderzanden, CLU, ChFC</dc:creator>

		<pubDate>Sat, 20 Apr 2013 12:20:35 +0000</pubDate>

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		<description><![CDATA[Yes. The maturity date is specified in the policy and is the date the life insurance coverage ends. If it is term insurance, the contract will mature with no value paid.  If permanent life insurance, the maturity value is the cash surrender value. 

The trend in recent years at life insurance companies has been to design permanent life insurance products that delay contract maturity past, say, age 100 or even indefinitely with extension of maturity date riders or similar policy provisions.  The reason is that policies which mature while the insured is still alive may result in income taxation on the gain in the policy to the policyowner.]]></description>

		

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