Does Term Life Insurance Mature? 
The phrase , maturity date , is used in different ways . Some life insurance companies call the end of the term the maturity date . So in that sense , term life insurance does have a maturity date . More commonly , maturity date refers to a date that has been set at the time you purchased the policy , when the cash value equals the death benefit . If you have not died before that time , you can then take out the cash value/death benefit on the maturity date . Term life insurance does not have cash value , so it would not pay out anything on the maturity date . 