At what age must the insured attain to receive the face amount of a whole life policy?

In a whole life insurance policy, the face amount is typically paid out upon the death of the insured, but if the insured reaches a specified age while living, the policy will also pay out the face amount. This age is commonly set at 100 years.

The rationale behind setting the maturity age at 100 is to ensure that the policy serves its purpose of providing lifelong coverage. By the time an individual reaches this age, the policy will either have matured, or the insurer is committed to paying the face amount, fulfilling the policy's obligation regardless of whether the insured is still alive. This design is important as it reflects the policy's purpose of long-term security and value to the policyholder and their beneficiaries.

The other age options do not align with standard policy provisions for whole life insurance. Therefore, reaching the age of 100 is crucial for the insured to receive the face amount of the policy as intended by its terms.