What happens to the premiums of a Term to 100 policy as the insured reaches age 100?

In a Term to 100 policy, insurance coverage is typically designed to last until the insured reaches the age of 100. When the insured reaches this milestone, the terms of the policy dictate that no further premiums are payable. This is because the coverage becomes permanent—meaning the policyholder is not required to pay additional premiums once they achieve the age threshold. Essentially, the policy transitions from a term plan to a permanent coverage status, providing the insured with lifelong protection without ongoing costs.

The other options do not accurately reflect the nature of a Term to 100 policy. For instance, the idea that premiums would increase dramatically does not align with the policy structure, nor is it typical for such policies to automatically cancel or refund premiums upon reaching age 100. Instead, the design of the Term to 100 is specifically intended to provide a seamless transition into lifetime coverage upon reaching that age limit.