What will happen if a Term-100 policy is canceled before age 100?

In the context of a Term-100 policy, cancellation before age 100 results in no financial consideration being given to the insured. A Term-100 policy is designed to provide coverage for the insured's life until they reach the age of 100, but it does not accumulate cash value nor does it offer a refund of premiums upon cancellation.

The nature of this product is such that once the policy is terminated, the insured does not benefit from any return of premiums paid during the term of the policy. Instead, the policy merely acts as pure insurance that covers the insured’s life risk without investment or savings components.

This characteristic distinctly separates Term-100 from whole life policies, where cash values might accrue over time and could potentially lead to different financial outcomes upon cancellation. By understanding this aspect, it becomes clear why there is no financial consideration when a Term-100 policy is canceled prior to reaching the age of 100.