What Exactly Does Life Insurance Maturity Mean? 
Life insurance maturity is the date at which the face amount of a permanent life insurance policy is paid to the beneficiary stated in the policy -LRB- in case of death -RRB- or to the policy holder -LRB- if the insured is still alive when the maturity date is reached -RRB- . In Whole Life , the maturity date coincides with endowment , or the accumulation of cash value to equal the face amount . 