3 Things You Should Know About Term to 100 Life Insurance

Term to 100 life insurance, also known as T-100 life insurance is one of the simplest forms of permanent life insurance.

To help you better understand T-100 life insurance, here’s a list of 3 things you should know:

• It’s permanent.
  T-100 life insurance is a mix of permanent and term life insurance. It’s partially considered term life insurance because it does expire until the age of 100, but because so few people live to the age of 100, it is still classified as a type of permanent life insurance.
  
  It will not expire unless you do not pay the premiums or you cancel the policy.
  
  
• There is no cash value.
  T-100 insurance is the only type of permanent life insurance that does not have a savings account built in. Since your premiums are only paying for life insurance, and not savings or investments, it is the lowest cost form of permanent life insurance.
  
  
• It can be used for estate planning.
  Since T-100 life insurance is permanent, you can be sure the policy will cover you until you pass away. The beneficiary of your policy can use the money to pay any estate taxes that might be due on the inheritance.
  
  Using insurance for estate planning is not always the best way to go. If you invest regularly, you should be able to build up enough savings to pay for any estate taxes when you are gone. A low cost term insurance policy can protect you until you’ve become self-insured with your savings. Once you are self insured, you can avoid having to pay any more life insurance premiums.
  
  

That’s really the main things you need to know about term to 100 life insurance. I invite you to learn more about life insurance by checking out the related articles listed in the table below. Or you can check out our full list of life insurance articles.

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PS: Make sure you only buy term life insurance. Anything else and you're wasting your money!