Whole life policies provide protection until the insured reaches what age?

Whole life insurance policies are designed to provide coverage for the entire lifetime of the insured, which means they remain in effect as long as premiums are paid and the policy is in force. The typical maturity age for whole life policies is 100, at which point the death benefit is guaranteed to be paid out irrespective of whether the insured is alive or deceased.

At age 100, the insurance company typically pays out the policy's cash value to the insured, thus ending the contract. This provision ensures that the policyholder will receive some benefit, whether through a death benefit or accumulated cash value, making it a long-term planning tool for individuals looking to provide for their loved ones or manage inheritance matters.

This design contrasts with term life insurance, which only provides coverage for a specific period of time (such as 10, 20, or 30 years) and expires without value if the insured lives beyond that term. The other age options (70, 85, and 90) do not reflect the standard terms associated with whole life policies, which emphasize the protection lasting until age 100.