Term to 100

Product

A term to 100 life insurance policy is a type of permanent life insurance that provides you with coverage for your lifetime. Premiums remain the same until the insured person reaches age 100, and then premiums are no longer paid. No cash value will be paid if the term to 100 policy is surrendered prior to death.

A term to 100 life insurance policy is a death benefit under Assuris protection.

Assuris Protection

If your life and health insurance company fails, Assuris guarantees that you will retain up to $1,000,000 or 90% of your death benefit, whichever is higher.

Example 1

Death benefit

$750,000

Original
benefit amount

Since your death benefit is less than $1,000,000, you will retain your full benefit amount.

$750,000

Protected benefit amount

Example 2

Death benefit

$1,500,000

Original
benefit amount

Since your death benefit is more than $1,000,000, you will retain 90% of your benefit amount.

$1,350,000

($1,500,000 × 90%)
Adjusted benefit amount

If your life insurance has associated benefits and riders, click here.

Questions and Answers

1. What happens if my term to 100 policy contains a cash value?

If your term to 100 policy contains a cash value, Assuris guarantees that you will retain up to $100,000 or 90% of the cash value, whichever is higher.

Note: A cliff cash value policy does not have cash values until a future specified date (the “cliff date”) when it has immediate substantial cash values. Your future cash values will be protected under Assuris cash value protection, and the sum insured is protected under the death benefit protection, separately.