Term 100
Life Insurance

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Term 100 life insurance is a permanent term policy, typically without increasing premiums. Premiums are technically paid up at age 100, after which coverage will continue without premium payment. Some Term 100 policies offer a cash value. As these plans are payable to age 100, if the policyholder misses a payment at any point prior to death, the policy will lapse after a 30-day grace period.

Term 100 policies are beneficial when:

  • You need lifelong protection without a change in premium, which is more cost effective to permanent plans with cash component.

  • Need a plan that is pure permanent insurance.

  • Funding a buy-sell agreement.

  • Charitable giving

  • Final expenses.