Final answer:
The cash savings value of a whole life insurance policy is typically designed to equal the policy's face amount when the policyowner reaches C. age 100. This is a standard industry practice for cash-value whole life insurance policies.
Step-by-step explanation:
In reference to cash-value whole life insurance, when a policyowner's cash savings value will equal the policy's face amount depends on the specifics of the policy. However, for many whole life insurance policies, the policy's cash value is designed to equal the face amount of the insurance at maturity of the policy, which is often set at the insured's age 100. This means that upon the policyowner reaching age 100, the cash value they have built up is intended to be equal to the death benefit of the policy. At this point, the policy endows and the insurance company typically pays out the cash value to the policyowner if he or she is still living.