Word forms: (regular plural) maturity values
( Insurance : Life insurance )
The maturity value of an insurance policy becomes payable when the contract finishes or matures.
The maturity value of an endowment contract is the proceeds payable on it at the end of the specified
The maturity value of a life insurance policy is the amount of money that is paid out when it matures.
Collins English Dictionary. Copyright © HarperCollins Publishers