With a life insurance policy, that point when the policy's guaranteed cash value equals the initial death benefit. At that time, the policy is said to mature or endow and the policyowner may receive the full face amount, often in cash. With whole life policies, policies often endow at age 100.
A life insurance policy is said to endow when its cash value equals the face amount. The policyowner then receives, in cash, the face amount. Also, to give or bestow, as money to a favorite school or charity.
A policy is said to “endow” when its cash value reaches its face amount.