Term To 100 life insurance combines characteristics of term and permanent insurance.

• like term, there is generally no cash value or policy dividends
  • so if premiums are missed, the policy lapses
• like permanent, coverage continues for life (even beyond age 100)
• premiums are generally payable for life
• at age 100, contract usually
  • pays out the face amount ("endows") (taxable?), or
  • is paidup (no further premiums needed)

Advantages

• generally cheaper than other permanent plans (e.g., universal life and whole life)
• permanent

Disadvantages

• limited flexibility
• can lapse if premiums are missed

Client Profile

You may find Term To 100 useful for

• estate planning
• creditor protection