Does Whole Life Insurance Mature?

Comments

2 responses to “Does Whole Life Insurance Mature?”

1. 

   January 16, 2015

   David Pipes CLU. RICP

   A 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.
2. 

   November 29, 2014

   Peggy Mace

   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.