What is a common misconception about Term-100 insurance?

Term-100 insurance is often misunderstood due to its name. People may think that "Term" implies it is temporary coverage, which leads to misconceptions about its nature. In reality, Term-100 is not a temporary plan; rather, it offers coverage for the life of the insured, typically until they reach age 100. This means that regardless of the name, it provides lifelong protection as long as premiums are paid, distinguishing it from traditional term insurance which does expire after a set period.

Other options misrepresent the features of Term-100 in different ways: suggesting it has no expiry does not clarify the nature of the coverage beyond age 100, while claiming that it accumulates high cash value is inaccurate, as Term-100 policies generally do not build cash value like whole life policies. Finally, the notion that it provides a payout only after reaching age 100 reflects a misunderstanding of how and when benefits are disbursed, as coverage exists throughout the insured's lifetime, not just at a specific age.