What does CD-ROM mean? CD-ROM, compact disc read-only memory (noun) a compact disk that is used with a computer (rather than with an audio system); a large amount of digital information can be stored and accessed but it cannot be altered by the user
The average life, also referred to as the âweighted average lifeâ or âweighted average maturityâ or âWAM,â is a reflection of the rapidity with which the principal of an issue is expected to be paid.
Maturity Date. Whole life insurance can expire when the covered person lives beyond the policyâs maturity date â although this is extremely rare. The maturity date is established at the time of application and is typically set at age 100 or 121. Most people do not live past the maturity date.