The "maturity date" refers to the exact date when a borrowed amount of money must be paid back in full, including any interest or fees that have accumulated. Full definition
This has caused issues for some universal life policyholders, since at one time policies were sold with maturity dates of 85 years of age. (valuepenguin.com)
The strategy facilitates early payment or payment on maturity date to the supplier. (gfmag.com)
Is it possible to avail the surrender value before maturity date. (relakhs.com)