What Happens When Term Life Insurance Matures? 
Term life insurance does not mature because term life insurance does not have cash value . Policy maturity means that the cash amount equals the face amount -LRB- the policy endows -RRB- and/or the money will be paid to the policy owner as designated in the policy contract . Term life insurance can not endow , and there is nothing in a term contact that says money will ever be paid out . An exception is ROP -LRB- return of premium -RRB- term life insurance that will return the premiums paid in when the term expires , per policy contract . 