answersLogoWhite

0


Best Answer

Mature. In insurance, a policy matures when its face amount becomes payable. This could occur upon the death of the insured, or in some forms of insurance such as endowments, as of a specified date.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the difference between a matured and an unmatured life insurance policy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the difference between a sunflower and a matured sun flower?

What is the difference between a sunflower.


How do you collect matured child life insurance?

You Don't.


Is Kerala poor?

No. I think kerala is rich in population, culture, beliefs, vegetation and things like that. But it doesnt go on with the times outside kerala looks like an unmatured place but in places like kochi its all rich and matured


What is a matured endowment though insurance company?

A matured endowment is a life insurance policy where the current cash value has become equal to the face amount of the policy. The policy is mature. So, the insurance company issues the insured a check for the face amount (death benefit) even though the insured is still alive.


What does matured policy mean in life insurance?

"Matured policy" in life insurance refers to a policy that has reached the end of its term or has accumulated its cash value. This means that the insured person is entitled to receive the payout or benefits specified in the policy.


Where your soul came from your mother or father?

Soul is a light which came from omnipresent God light infinite years ago as a first light then sound and vibration and sub atomic particle atom these atom enters in five elements space, gas, water, fire and earth then it gets matured staying in non living thing then entering in living things by entering in microorganisms to human it takes many many billion years to become human soul. Other in unmatured souls becomes five elements to human body . Soul don't have start and end. It's changing from unmatured to highly matured in-between process is universe. But all souls is always matured soul himself playing a game of universe and seeing the game also both are same soul the difference we saw is illusion. Don't get confusion, ask more questions get conclusion then only a soul can go in way of confession to reach the place of creation.


What is the difference between an adolescent brain and adult brain?

A young brain is still in development. While an adult's brain has matured and, depending on age, could actually be in decline due to loss of brain cells.


What are the tax consequences of a matured endowment policy?

how do you know what your tax liability is on an endowment that you cashed do the insurance compnay send 1099 at the end of the year


How big is a full grown shichi dog?

Between 6-10lbs. A chihuahua's matured weight is 6lbs, and a shih zhu's matured weight is 9-16lbs. Your pup will be in between which as mentioned will be 6-10lbs and no more than 12 inches high. I love them.


What animal has a nucleus in matured RBC?

A frog has a nucleus in matured RBC.


What is the past tense of mature?

The past tense of mature is matured.


What is the difference between Gentlemen Jack and Jack Daniels?

The primary difference is that Gentleman Jack undergoes a second stage of mellowing by charcoal filtration, whereas Jack Daniel's just goes through the one. This yields an even smoother whiskey. There are also some minor differences in the way that Gentleman Jack is matured.