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When an insurance policy's guaranteed cash value equals the initial death benefit, it is said to "endow" or mature. Whole Life contracts typically endow at the insured's age 100.

The most recent mortality tables for life insurance (2001 CSO - Commissioners Standard Ordinary) would endow at the insured's age 121. However the Society of Actuaries 2001 CSO Maturity Age Task Force recommended that insurance policies issued under the new mortality table assume all contracts will pay out in some form by age 100.

Some policies have earlier endowment periods. These typically pay the face amount upon death or attaining a certain age or number of years, whichever is first.

Life insurance is intended to help make a loss bearable. It is a mechanism for managing risk and should not generally be considered an investment.

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Q: When does a whole life insurance policy mature?
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What to do when life insurance policy mature?

If you have reached the age where your whole life policy matures, call your life insurance agent or the insurance company. They owe you a check. If you are talking about the end of a term policy, you are owed nothing.


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Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.


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A whole life insurance provides coverage for an individual's whole life. A savings components which builds overtime and can be used for wealth accumulation. Whole life is the most basic form of cash value insurance.


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Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.


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The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.


What is the best life insurance policy in India?

Government Owned Life Insurance Corporation of India's New Jeevan Anand Policy is at present the best insurance policy in India, which is a mixture of endowment and whole life policy, which is indeed novel and unique in the whole world.


What is the difference between term life versus whole life insurance?

Term life insurance is only life coverage. When the person who is insured dies, the beneficiary receives the amount of the policy. Whole life insurance is a term life policy combined with an investment. This policy builds value.


What is description of whole life insurance?

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Some Canadian whole life insurance policy providers are State Farm Canada, LSM Insurance, MJW Insurance, Essential Benefits, and The Canada Life Assurance Company.


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I have a whole life insurance policy, how long does it take to cancel it, also can I get money back from it.