With a life insurance policy, that point when the policy's guaranteed cash value equals the initial death benefit. At that time, the policy is said to mature or endow and the policyowner may receive the full face amount, often in cash. With whole life policies, policies often endow at age 100.
A life insurance policy is said to endow when its cash value equals the face amount. The policyowner then receives, in cash, the face amount. Also, to give or bestow, as money to a favorite school or charity.
A policy is said to “endow” when its cash value reaches its face amount.
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 maturity date or time at which the face amount equals cash value.
At the target year (usually age 100), policy's cash value is approximately equal to the policy's death benefit.
This term is used with Cash Value Life Insurance policies to describe that point in time when the cash value equals the face value of the policy. Most whole life policies endow when the insured reaches age 100.
A policy will endow when the whole life or "endowment" policy's cash value is equal to the death benefit of the policy. To Top