Jayson Lowe explains what happens to your whole life insurance cash value at age 100. The policy matures and you get the benefit, or you can leave it with the insurer to collect monthly income if you live past 100.
February 1, 2023
Age 100
A monthly income.
Dividend paying, participating whole life insurance insures your Life to age 100. But what happens if you live to age 101? Well, firstly, congratulations. That would be great. I'm sure you'd have people wishing you a happy birthday. But at age 100, the insurance company is going to provide you with a couple of options because the insurance contract is now fully endowed, it's fully performed, then you would receive the benefit. But if you chose to leave the benefit on deposit, which the life insurance company, then you would start to receive a monthly income and so live longer than age 100.
If that's what you want to do. But just recognize that your contract is fully performed at that age and you will receive the benefit.
