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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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Policy Matures |
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A permanent life insurance policy may include a feature, such as that at age 99 or 100, if the insured's still alive, the policy matures. The maturity value is usually for the death benefit under whole life and interest-sensitive whole life policies or for the cash value under universal life policies. Some policies allow the policyholder to elect to continue the policy without further premiums until the insured dies and the death benefit is paid to the beneficiaries. Please consult your tax advisor to understand the tax consequences of receiving payments at maturity. See also Maturity Date. |
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Learn More about Life Insurance
Start a Life Insurance Quote
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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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