What Does Life Insurance Maturity Mean? 
All whole life policies have a maturity date but most people wo n't live long enough to see it . Modern policies use age 121 for the maturity date . Each year that you pay on your Policy you build more and more cash value and the insured amount that the insurance company has at risk reduces by the same amount . If you reach the age of maturity -LRB- or endowment -RRB- the cash value is equal to the entire death benefit . You are self insured at that point . 