There is no termination age, and the death benefit does not reduce over time. If a person lives to the plan’s scheduled maturity date (age 100), the benefit is paid directly to him or her. Premiums are based on the person’s age at the time of Conversion and will not increase due to age. After paying into the plan for some time (at least 2-3 years), the coverage begins to earn cash value. Cash value can be used for loans or can be paid directly to the insured if he/she surrenders the coverage.