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What is Term 100 Insurance
Term 100 insurance is a type of permanent life insurance that provides coverage for the policyholder’s entire life, as long as the premiums are paid. Unlike traditional term insurance policies that provide coverage for a specific term, Term 100 insurance provides coverage for the entirety of the policyholder’s life, with a fixed premium that does not increase over time.
Term 100 insurance policies typically have a death benefit that remains level over the life of the policy. Unlike other types of permanent life insurance policies, such as universal life or whole life insurance, Term 100 insurance policies do not have a cash value component or an investment feature. This means that the premiums paid for Term 100 insurance policies go entirely towards the death benefit and there is no opportunity to accumulate cash value or receive dividends.
Term 100 insurance policies can be a good option for individuals who want permanent life insurance coverage without the complexity and potential risks of investment features. They can also be less expensive than other types of permanent life insurance policies, making them more accessible to those on a tighter budget. However, it’s important to carefully evaluate your life insurance needs and budget before choosing a Term 100 policy or any other type of life insurance policy.