When will the cash value of a $250,000 non-par whole life policy reach $250,000 if the last premium is paid today and the owner is 70 years old?

The cash value of a whole life insurance policy accumulates over time and typically reaches its face value when the insured reaches a certain age, often around 100 years old. This accumulation occurs as the insurance company invests the premiums and the policy builds cash value.

In this scenario, since the individual is currently 70 years old and has just made the last premium payment, the cash value is still growing and is not yet equal to the face value of the policy, which is $250,000. Whole life policies are designed to reach their full cash value at the end of the policy's term, which, in this case, aligns with the age of 100.

As the insured continues toward that age, the cash value will gradually increase. Therefore, the policy will be able to reach the $250,000 cash value exactly when the owner turns 100, assuming that the policy's terms specify that it reaches the face amount of the death benefit at that age.