Question: when is a whole life insurance policy designed to mature or endow

title: Whole life insurance
text: A whole life policy is said to `` mature '' at death or the maturity age of 100 , whichever comes first . To be more exact the maturity date will be the `` policy anniversary nearest age 100 '' . The policy becomes a `` matured endowment '' when the insured person lives past the stated maturity age . In that event the policy owner receives the face amount in cash . With many modern whole life policies , issued since 2009 , maturity ages have been increased to 120 . Increased maturity ages have the advantage of preserving the tax - free nature of the death benefit . In contrast , a matured endowment may have substantial tax obligations . 

Answer: answer: A whole life policy is said to ``mature'' at death or the maturity age of 100, whichever comes first.  To be more exact the maturity date will be the ``policy anniversary nearest age 100''.   With many modern whole life policies, issued since 2009, maturity ages have been increased to 120.