Which of the following best describes Term-to-100 (T-100) insurance?

Question: Which of the following best describes Term-to-100 (T-100) insurance?

Answer options:

• It provides coverage for a fixed 10-year term.
• It always includes a high cash surrender value. ✅ It provides permanent coverage with level premiums but typically lacks a cash value.
• It is a participating policy that pays annual dividends.

Correct answer: It provides permanent coverage with level premiums but typically lacks a cash value.

Explanation: A T-100 policy is a permanent life insurance product with level premiums to age 100. Unlike Whole Life, it typically has no cash value and no non-forfeiture options; it's pure permanent protection at a lower cost than Whole Life.