Even though the word ‘term’ is in the name of the product, Term to 100 is actually not a term life insurance product and is in fact a type of permanent life insurance designed to last your entire life. Term to 100 use to be a very popular product, but now since Universal Life Insurance (LINK) pricing is basically the same, most consumers will purchase a Universal Life Insurance (LINK) product instead because of the added flexibility. With that being said, Term to 100 life insurance is a very easy product to understand. The premiums of the policy (the cost) are level for your entire life. The death benefit (coverage amount) is also level for your entire life. The premiums on the policy are required to be paid until age 100 at which point the policy would be paid up and no future premiums are required. If you are still living at age 100, the policy would still be in force, no premiums would be required to be paid and the death benefit gets paid out at death. As Term to 100 does not have any cash values so premiums are typically less expensive than other permanent insurance products that do have cash surrender values, such as whole life insurance. Term to 100 is commonly used if you are looking for low cost life insurance for the rest of your life for such needs as creating an estate, burial expenses or covering taxes at death.