What characteristic distinguishes Term-100 insurance from other types of life insurance?

Term-100 insurance stands out primarily because it is structured to provide coverage at a fixed premium over a long period, typically until age 100, without accruing any cash value. This means that policyholders pay lower premiums compared to whole life or universal life insurance policies, which often include a cash value component that accumulates over time. Since Term-100 does not build cash value, the cost of premiums is generally lower, making it more accessible for individuals seeking life insurance on a budget without the additional savings or investment features. This characteristic makes it particularly appealing to those who want straightforward insurance coverage without the complexities and costs associated with investment components.