What happens when a term life insurance policy matures?

What happens when a term life insurance policy matures?

What is a maturity benefit? A maturity benefit is a lump-sum amount the insurance company pays you after the maturity of insurance policy. This essentially means that if your insurance policy is for a term of 15 years, you, the insured, will get a pay-out after these 15 years. Oct 6, 2021