Term 100 Insurance

Term 100 Insurance

This is a permanent insurance plan that provides life insurance protection to age 100. These products are essentially basic whole life products.

They build an internal cash value like a whole life product but if a Term to 100 policy is canceled, the cash value is not paid out to the insured. As a result, a Term to 100 product is generally less expensive than a whole life product.

Term to 100 products do not usually pay dividends or include cash values.

  • Coverage for life
  • Guaranteed premiums, usually remain level
  • Guaranteed death benefit
  • Usually no cash value
  • No dividends

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