Term to 100

Term to age 100 became popular in the early 1980s for people who wanted to have basic permanent insurance, without a savings feature included, since they preferred to manage their investments elsewhere.

This insurance provides protection at an affordable guaranteed premium. By eliminating policyholder access to the cash reserves that build up in a policy over the years, companies were able to reduce the premiums they needed to charge for this type of coverage. Today, Term 100 policies come with and without cash and paid-up values. Term to 100 insurance with cash values usually have no cash value until the 20th year. Premiums are due for life and are guaranteed not to increase. Some term to 100 policies have a quick pay feature that allows you to pay off the insurance premiums in 20 years and have coverage for life.

Typically your policy will be fully paid-up (no more premiums payable) at age 100. It is available for issue up to age 85 for as little as $25,000 or $500 annual premium. Non-smoker rates are available if you have not used tobacco or nicotine products in any form in the past 12 months.

The amount of insurance provided by your Term to age 100 policy is guaranteed to remain the same over the life of your policy. If you decide to stop paying premiums on your Term 100 - With Values policy, after the beginning of the 20th policy year, your policy will retain a lesser insurance benefit that is already paid for, and will continue to provide insurance coverage for you for the rest of your life

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