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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Maturity Date |
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This is the anniversary date in some permanent life insurance policies at which the death benefit is payable whether or not the person insured is still alive, e.g., when the insured reaches age 100. Some permanent life insurance policies (usually universal life) only pay the cash value at maturity. Some policies give the owner the right to extend the policy beyond the maturity date until the insured dies even though no further premiums are due. Please see your tax advisor to understand the tax consequences of receiving payment at maturity. |
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Learn More about Life Insurance
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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