Term-100 (T100)
Permanent coverage stripped down to the guarantee — no savings frills.
Permanent life insurance with level premiums payable to age 100, offering lifelong coverage but typically little or no cash value.
Where Term-100 sits
Despite the word 'term' in the name, Term-100 is a form of permanent life insurance, not term insurance. Ordinary term coverage expires after a set period. Term-100 is designed to stay in force for your whole life, with a level premium that does not increase as you age. The '100' refers to premiums typically being payable to age 100, after which coverage often continues with no further payments.
What Term-100 leaves out is the savings component. It usually has little or no cash value compared with whole life or universal life. You are buying the lifelong guarantee and the level premium, without paying for a cash accumulation feature. That makes it generally cheaper than whole life for the same face amount, while still being permanent.
Who it suits
Term-100 tends to appeal to people who want guaranteed permanent coverage — for final expenses, estate needs, or a tax liability at death — but who do not want or need the cash value and higher cost of full whole life. It is a lean, predictable way to make sure a death benefit exists whenever death occurs.
The trade-off is flexibility and living benefits. Because there is little cash value, you generally cannot borrow against the policy or receive a meaningful amount if you surrender it. If access to cash value matters to you, whole life or universal life may fit better. If you simply want a permanent death benefit at a lower cost, Term-100 is worth comparing.
Common questions
Is Term-100 the same as term life insurance?
No. Term life insurance covers a fixed period and then ends, while Term-100 is permanent coverage that lasts your whole life. The name is a common source of confusion. Term-100 keeps the level-premium simplicity of term but provides lifelong protection.
Does Term-100 build cash value?
Typically very little or none, depending on the specific product. That is the main trade-off: you get permanent coverage at a lower cost than whole life, but you give up the cash accumulation and borrowing features that whole life and universal life offer.