When does a 20 pay whole life policy endow?

A 20-pay whole life policy is designed to provide coverage for the insured's lifetime while requiring premium payments for only 20 years. Endowment occurs when the cash value of the policy equals the face amount of the policy, typically at a specific age if the insured is still alive, or at the time of the insured's death.

In the case of a whole life policy, it will generally endow at the age when the cash value reaches the death benefit amount. Most whole life policies are designed to endow at age 100. This means that by that age, the cash value should equal the death benefit, allowing the policy to pay out the full face amount either upon the death of the insured or at age 100 if they are still alive.

This process emphasizes the hallmark of whole life policies, which accumulate cash value and provide coverage for life, ensuring financial protection for beneficiaries while also serving as a savings component for the policyholder.