What Does It Mean When Your Life Insurance Matures? 
If by mature you mean endows or the policy period ends , there are a few things that may happen.If the policy is whole life and has a maturity date , then the cash values exceeding basis will be taxed at ordinary income tax rates . If you have received policy loans and did not pay the loan interest , but used policy cash values to pay the charges , you will have a phantom income ordinary tax event on loans you have received and cash values remaining in the policy . In some polices coverage simply ceases . Highly unlikely , but all this could happen . 