The primary purpose of a 'Term-to-100' (T-100) life insurance policy is to:

Question: The primary purpose of a 'Term-to-100' (T-100) life insurance policy is to:

Answer options:

• Provide a cash surrender value starting in the third year. ✅ Provide permanent coverage with level premiums and no cash value.
• Offer a death benefit that decreases over time.
• Pay dividends to the policyowner annually.

Correct answer: Provide permanent coverage with level premiums and no cash value.

Explanation: Term-to-100 is a form of permanent insurance that usually has no cash value and level premiums until age 100. If the insured lives to 100, the face amount is usually paid out and the policy terminates.