Does Life Insurance Mature? 
Yes . The maturity date is specified in the policy and is the date the life insurance coverage ends . If it is term insurance , the contract will mature with no value paid . If permanent life insurance , the maturity value is the cash surrender value . The trend in recent years at life insurance companies has been to design permanent life insurance products that delay contract maturity past , say , age 100 or even indefinitely with extension of maturity date riders or similar policy provisions . The reason is that policies which mature while the insured is still alive may result in income taxation on the gain in the policy to the policyowner . 