At what point does a whole life insurance policy endow?
Understand the Problem
The question is asking about the specific point in time when a whole life insurance policy matures, which is known as the endowment date. This typically occurs when the policyholder reaches a certain age, and it's important to understand the terms of the policy regarding this.
Answer
age 100
The final answer is that typically, a whole life insurance policy endows at age 100.
Answer for screen readers
The final answer is that typically, a whole life insurance policy endows at age 100.
More Information
Some recently issued whole life policies may offer a maturation age of 121 years, but traditionally, it is at age 100 when the policy endows.
Sources
- Whole Life Insurance - Consumer Center Discontinuation - AM Best - consumers.ambest.com
- What Is Whole Life Insurance? (2024) - MarketWatch - marketwatch.com
- How Does Whole Life Insurance Work? | Lincoln Heritage - lhlic.com
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