Does Term Life Insurance Mature? 
Nope , it just ends at the end of the term period of the policy . That may be 10 , 20 or 30 years but once the policy 's allotted time span has run its course it 's done and the insurance coverage ceases . The term `` mature '' is usually associated with permanent life insurance policy types that are set up to be paid for in full after some period of time that can range from being paid up at the time of purchase or over a span of many years . However , once that type of policy matures then the need for payment of premiums ceases and yet the policy stays in effect until the death of the policyholder . 