Maturity Date

The Maturity Date in an Indexed Universal Life (IUL) insurance policy represents the designated end point of the policy, where certain financial events occur. Essential aspects include:

• Policy Conclusion: It's the date when the policy is expected to terminate.
• Cash Value Equals Death Benefit: At this point, the policy's cash value should ideally match the death benefit.

Policyholder Options at Maturity:

• Receiving Benefits: Depending on the policy's terms, the policyholder might receive the cash value or the death benefit.

Common Characteristics in IUL Policies:

• Age-Based Setting: Often set at a specific age, like 100 or 121, to ensure lifetime coverage.
• Payout: If the insured lives until the Maturity Date, the policy pays out the higher of the accumulated cash value or the guaranteed death benefit.

The Maturity Date is a critical component, ensuring that an IUL policy provides lasting financial security and benefits tailored to the policyholder's life span.