Does Term Life Insurance Mature? 
Does Term life insurance `` mature '' ? Typically the term ` mature ' as used in connection with life insurance policies refers to policy reaching the point at which the cash value has attained the `` face '' value of the policy . At that point the face value of the policy will be awarded to the owner and the policy terminated . In the case of Term insurance there is NO cash value ever , so in the typical sense as used in life insurance parlance term insurance does not mature . However one could say that a term insurance policy `` matures '' at the point at which it terminates . That is it has reached the full term and then expires . 