A policy reaches its maturity date when its cash value, or the amount you have paid into the policy, matches the specified death benefit. Upon reaching your policy’s maturity date, your insurer will pay you a set sum of money, and your coverage will terminate. Most insurers structure their policies to mature when you turn 100 years old, but some even go to 120 years. You can push back the maturity date by reducing your cash value, which you can do by taking out a loan against the policy. Your cash value will be reduced by the amount you take out plus any associated fees. Then, your maturity date will extend as long as it takes for you to pay the money back. If you want to push your maturity date forward, you can potentially add extra money into the cash value account or cancel your policy.