What happens to the face amount of a whole life policy if the insured reaches the age of 100?

In a whole life insurance policy, if the insured reaches the age of 100, the policy matures, and the face amount is paid out to the insured. This outcome reflects the inherent design of whole life policies, which are intended to provide insurance coverage for the lifetime of the insured. When the insured lives to the maturity age, they are entitled to receive the death benefit as they have essentially lived beyond the period for which the company anticipated having to pay a death claim.

While some policies might offer other cash values or options upon maturity, the key point is that the insured receives the face amount directly. This feature underscores the policy's commitment to financial security throughout the insured's lifetime, ensuring that the coverage holds value regardless of when the policy matures due to the insured reaching 100 years of age.