Additionally, a policy can mature when the policyholder lives to a younger age. Universal life insurance is also customized to the policyholder's.
What happens when a life insurance policy matures? permanent life insurance policy is called a whole or universal life insurance policy that.
Universal life insurance policies have a maturity date which occurs when you turn a certain age (often between 85 to 121). When a policy reaches its maturity.
But when a CD matures — when it stops earning interest — investors are faced with a choice of what to do with the proceeds. This can be a difficult decision.