{"id":35169,"date":"2026-03-24T11:58:06","date_gmt":"2026-03-24T15:58:06","guid":{"rendered":"https:\/\/www.rbcinsurance.com\/en-ca\/?p=35169"},"modified":"2026-03-24T16:54:16","modified_gmt":"2026-03-24T20:54:16","slug":"what-is-term-100-life-insurance","status":"publish","type":"post","link":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/life-insurance\/what-is-term-100-life-insurance","title":{"rendered":"What is Term 100 Life Insurance and How Does It Work?"},"content":{"rendered":"\n<div class=\"wp-block-rbc-template-selector templateSelector template__article articleSingle\" data-template=\"article\">\n<div class=\"wp-block-group articleSingle__container tabListStickyWrapper is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__hero is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__hero__inner is-layout-flow wp-block-group-is-layout-flow\">\n<span class=\"rbc-yoast-breadcrum-span\"><span><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/\">Home<\/a><\/span><\/span>\n\n\n\n<div class=\"wp-block-group articleSingle__featuredImage__group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__title__group is-layout-flow wp-block-group-is-layout-flow\"><h1 class=\"wp-block-post-title\">What is Term 100 Life Insurance and How Does It Work?<\/h1>\n\n\n<div class=\"wp-block-group articleSingle__date__group is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-post-date\"><time datetime=\"2026-03-24T11:58:06-04:00\">March 24, 2026<\/time><\/div>\n\n\n<span class=\"wp-block-rbc-html-element articleSingle__readTime\">9 Min Read<\/span>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__author__group is-layout-flow wp-block-group-is-layout-flow\">\n<img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Avatar.webp?quality=80&w=128&h=128&crop=1\" alt=\"Fiona Campbell\">\n\n\n\n<div class=\"wp-block-group articleSingle__author__details is-layout-flow wp-block-group-is-layout-flow\">\n<span class=\"wp-block-rbc-html-element articleSingle__author__name\">Fiona Campbell<\/span>\n\n\n\n<span class=\"wp-block-rbc-html-element articleSingle__author__designation\"><\/span>\n<\/div>\n<\/div>\n<\/div>\n\n\n<figure class=\"articleSingle__featuredImage wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Is-Term-100-Life-Insurance.webp?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"What is Term 100 Life Insurance and how does it work?\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Is-Term-100-Life-Insurance.webp 1024w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Is-Term-100-Life-Insurance.webp?resize=300,200 300w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Is-Term-100-Life-Insurance.webp?resize=768,512 768w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Is-Term-100-Life-Insurance.webp?resize=420,280 420w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__container__main is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__page__nav is-layout-flow wp-block-group-is-layout-flow\">\t\t<div class=\"socials-block\">\n\t\t\t\t\t\t<p class=\"socials-block-title\">\n\t\t\tShare this article\t\t<\/p>\n\t\t<div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n\t\t\t\t\t<a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=What is Term 100 Life Insurance and How Does It Work? &#038;body=Hi, I thought you might be interested in this article from RBC Insurance: https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/life-insurance\/what-is-term-100-life-insurance\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n\t\t\t\talt=\"envelope icon\">\n\t\t\t\t<span>\n\t\t\t\tEmail\t\t\t\t<\/span>\n\t\t\t<\/a>\n\t\t<div class=\"social-button-wrapper sharing-copy-wrapper\">\n\t\t\t<button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/life-insurance\/what-is-term-100-life-insurance\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n\t\t\t\talt=\"copy icon\">\n\t\t\t<span id=\"sharing-copyUrl-Label\">\n\t\t\t\tCopy URL\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t<input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n\t\t<\/div>\n\t<\/div>\n  \t\t<\/div>\t\n\t\t\n\n\n<div class=\"wp-block-rbc-tabs-list tabsList\" data-switch=\"lgBp\" data-target-heading=\"h2\"><p class=\"tabsList__heading\">On this page<\/p><div class=\"tabsList__wrapper\"><button class=\"selectDropdown__button\" aria-haspopup=\"listbox\" aria-expanded=\"false\"><span class=\"selectDropdown__title\">Who should consider Term 100 life insurance?<\/span><span class=\"selectDropdown__chevron\"><\/span><\/button><ul class=\"tabsList__items selectDropdown__list\"><li class=\"selectDropdown__list__item tabsList__item selected\"><a href=\"#h-who-should-consider-term-100-life-insurance\">Who should consider Term 100 life insurance?<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-get-permanent-coverage-with-term-100-life-insurance\">Get permanent coverage with Term 100 life insurance<\/a><\/li><\/ul><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__content__main tabListHeadings is-layout-flow wp-block-group-is-layout-flow\">\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner \" style=\"border-radius:0x\">\n<p>Most Canadians know getting life insurance is a good thing, especially as they age, but knowing where to start can be daunting. You may know that term insurance is inexpensive, but premiums increase once the term is up. Conversely, while permanent life insurance offers lifelong coverage, the costs are higher. Enter Term 100 (T100) life insurance: a hybrid (of sorts) that provides guaranteed lifetime protection at a more affordable cost.<\/p>\n\n\n\n<p>Here\u2019s how Term 100 life insurance works, the pros and cons compared to other insurance products, and who might benefit from T100 coverage.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-key-takeaways\"><a><\/a>Key takeaways<\/h3>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Term 100 life insurance offers permanent, lifelong coverage.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Premiums are guaranteed to stay the same and will not increase as you age.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Term 100 is simpler and less expensive compared to other types of permanent coverage.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>With Term 100, there\u2019s no cash surrender value or an accumulated savings component.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Once you reach age 100, your premium payments cease but your coverage stays in effect for the rest of your life.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-term-100-life-insurance\"><a><\/a>What is Term 100 life insurance?<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/term-100-life-insurance\/\" data-dig-id=\"LP-LifeInsurance-35169-85ac28d0\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"Term 100 life insurance\" class=\"rbc-link-format\">Term 100 life insurance<\/a> offers permanent, lifetime coverage, meaning your premiums never increase and your policy never expires. At age 100, your policy stays in effect, but you no longer have to pay premiums. Similar to other types of life insurance, your beneficiaries receive the full death benefit tax-free, but the policy carries no accumulated cash value or accumulated savings.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/life-insurance\/what-is-permanent-life-insurance-and-how-does-it-work\/\" data-dig-id=\"LP-LifeInsurance-35169-85ac28d0\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"What is permanent life insurance and how does it work?\" class=\"rbc-link-format\">What is permanent life insurance and how does it work?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-term-100-life-insurance-work\"><a><\/a>How does Term 100 life insurance work?<\/h2>\n\n\n\n<p>Put simply, Term 100 life insurance combines the lifetime coverage of permanent life insurance with the simplicity of term insurance. To understand the differences, here are the key features of Term 100 life insurance:<br><\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Lifetime coverage: <\/strong>Term 100 coverage remains in force until your death, unless you cancel the policy or stop payments. You\u2019ll pay premiums only until age 100; at that point, the policy is &#8220;paid-up,&#8221; meaning coverage continues for life without further cost.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Guaranteed premiums:<\/strong> Unlike standard term insurance, your premiums are guaranteed to remain the same for life. Generally, rates only change if you adjust your coverage amount or if you qualify for a rate reduction. For example, if you <a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/life-insurance\/life-insurance-for-smokers\/\" data-dig-id=\"LP-LifeInsurance-35169-85ac28d0\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"were a smoker\" class=\"rbc-link-format\">were a smoker<\/a> when the policy was issued but have been a non-smoker for at least 12 months, you may apply for lower non-smoker rates.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Tax-free death benefit:<\/strong> Upon your death, your beneficiaries receive a lump-sum, tax-free benefit equal to your policy\u2019s total coverage amount.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>Riders are also available with T100 life insurance. A rider is an addition to a base insurance policy that allows you to customize your coverage to suit your specific needs. Common riders include:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Joint first-to-die:<\/strong> Covers up to two family members and the benefit is payable upon the first death. Coverage then ends, or the surviving person can apply for a new policy without providing evidence of insurability (subject to conditions). This rider is the opposite of joint last-to-die that pays upon the second death and is typically used for estate planning purposes.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Children<\/strong><strong>\u2019s term rider:<\/strong> Provides coverage for your biological or legally adopted child(ren). If an insured child dies, the beneficiary of this rider receives the stipulated death benefit. If the primary insured person dies, each insured child will receive a paid-up insurance policy for rider\u2019s coverage amount that remains in effect until age 25.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Accidental death benefit:<\/strong> Pays an additional death benefit if the insured person dies due to an accident, defined as a violent, unforeseen, and sudden incident. This payment is in addition to the standard death benefit payable under the base policy.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Read more:<\/strong> <a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/life-insurance\/what-does-life-insurance-cover-complete-guide\/\" data-dig-id=\"LP-LifeInsurance-35169-85ac28d0\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"What does life insurance cover? A complete guide.\" class=\"rbc-link-format\">What does life insurance cover? A complete guide.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pros-and-cons-of-term-100-life-insurance\"><a><\/a>Pros and cons of Term 100 life insurance<\/h2>\n\n\n\n<p>Like any insurance product, Term 100 insurance has specific benefits and drawbacks to consider before deciding if it is the right fit for your needs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-pros\"><a><\/a>Pros<\/h3>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Guaranteed death benefit:<\/strong> Upon your death, your beneficiaries receive a tax-free, lump-sum payment quickly and efficiently. Because this benefit bypasses probate, it saves your estate time and money while ensuring your legacy gets to the people who need it most.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Premiums won\u2019t increase with age: <\/strong>Once your <a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/life-insurance\/what-affects-your-life-insurance-premiums\/\" data-dig-id=\"LP-LifeInsurance-35169-85ac28d0\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"premium is set\" class=\"rbc-link-format\">premium is set<\/a>, it remains the same for the duration of coverage, unlike term insurance, where premiums increase with age once the term ends and you reapply for insurance.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Permanent protection:<\/strong> You can be assured that your coverage is in effect for the rest of your life, as long as the premiums are paid. At age 100, your premium payments cease, but your full coverage remains.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Straightforward product:<\/strong> Unlike other permanent insurance products that require ongoing management, Term 100 has no cash value component, so you can \u201cset it and forget it.\u201d<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>No medical re-exam:<\/strong> Once your insurance is in effect, you are not required to undergo a medical re-exam to maintain coverage or re-evaluate your premium. Your rate remains the same regardless of future health changes.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cons\"><a><\/a>Cons<\/h3>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>More expensive than term life insurance:<\/strong> Your premiums for Term 100 insurance are more expensive than standard term insurance that renews after a set term is up, such as 10 or 20 years.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>No cash surrender value: <\/strong>Unlike other permanent policies, there is no accumulated value beyond the death benefit and if you cancel the policy, you will not receive any proceeds. The value of your insurance does not increase either, so there\u2019s no opportunity to build wealth.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Long-term commitment:<\/strong> As there is no cash surrender value, a Term 100 insurance policy requires a lifelong commitment to paying premiums to ensure the benefit remains in effect until death.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Limited flexibility compared:<\/strong> While simpler than other permanent insurance products, Term 100 insurance is also less flexible, offering few options for customization beyond selecting any relevant rider(s).<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Read more:<\/strong> <a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/life-insurance\/what-are-the-benefits-of-life-insurance\/\" data-dig-id=\"LP-LifeInsurance-35169-85ac28d0\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"What are the benefits of life insurance?\" class=\"rbc-link-format\">What are the benefits of life insurance?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-should-consider-term-100-life-insurance\">Who should consider Term 100 life insurance?<\/h2>\n\n\n\n<p>When it comes to life insurance, there is no \u201cone-size-fits-all\u201d solution. In fact, Term 100 insurance can be part of a wider insurance portfolio. However, Term 100 insurance might be worth considering if you fall into any of these categories:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Individuals seeking permanent coverage:<\/strong> Term 100 offers lifelong coverage and security without the higher premiums of other permanent insurance products as there is no cash value component.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Those who value simplicity:<\/strong> Once your premium is set, it remains the same for life. There is no need to actively manage investments or adjust premiums, like you do with universal life insurance.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>People interested in tax-advantaged estate planning:<\/strong> Because the death benefit is paid directly to your beneficiaries tax-free, Term 100 is an effective tool for maximizing the value of your legacy.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Providers for lifelong dependents<\/strong>: If you have lifelong dependents, such as a family member with special support needs or a disability, Term 100 ensures a guaranteed bequest is available for their care, regardless of when you pass away.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-term-100-life-vs-other-types-of-life-insurance\"><a><\/a>Term 100 life vs other types of life insurance<\/h2>\n\n\n\n<p>To see if Term 100 is right for you, it is important to understand how it compares to other life insurance products on the market. Here is a breakdown:<\/p>\n\n\n\n<div class=\"wp-block-rbc-basic-tables basicTables\">\n<div class=\"wp-block-rbc-basic-table basicTable\"><div class=\"basicTable__sliderNav\" role=\"navigation\" aria-label=\"Table navigation\"><div class=\"basicTable__navArrow basicTable__prevArrow\" aria-label=\"Previous\"><\/div><div class=\"basicTable__sliderDots\" role=\"tablist\" aria-label=\"Table pagination\"><\/div><div class=\"basicTable__navArrow basicTable__nextArrow\" aria-label=\"Next\"><\/div><\/div><table class=\"basicTable__table\" role=\"table\" aria-label=\"Comparison table\">\n<thead class=\"wp-block-rbc-basic-table-head basicTableHead\" role=\"rowgroup\" aria-label=\"Table head\">\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<th class=\"wp-block-rbc-basic-table-header basicTableHeader\" role=\"columnheader\" scope=\"col\">\n<h4 class=\"wp-block-heading\" id=\"h-\"><\/h4>\n<\/th>\n\n\n\n<th class=\"wp-block-rbc-basic-table-header basicTableHeader\" role=\"columnheader\" scope=\"col\">\n<h4 class=\"wp-block-heading\" id=\"h-term-100\"><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/term-100-life-insurance\/\" data-dig-id=\"LP-LifeInsurance-35169-eee479fe\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"Term 100\" class=\"rbc-link-format\">Term 100<\/a><\/h4>\n<\/th>\n\n\n\n<th class=\"wp-block-rbc-basic-table-header basicTableHeader\" role=\"columnheader\" scope=\"col\">\n<h4 class=\"wp-block-heading\" id=\"h-whole-life\"><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/whole-life-insurance\/\" data-dig-id=\"LP-LifeInsurance-35169-19553beb\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"Whole Life\" class=\"rbc-link-format\">Whole Life<\/a><\/h4>\n<\/th>\n\n\n\n<th class=\"wp-block-rbc-basic-table-header basicTableHeader\" role=\"columnheader\" scope=\"col\">\n<h4 class=\"wp-block-heading\" id=\"h-universal-life\"><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/universal-life-insurance\/\" data-dig-id=\"LP-LifeInsurance-35169-82bdc980\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"Universal Life\" class=\"rbc-link-format\">Universal Life<\/a><\/h4>\n<\/th>\n\n\n\n<th class=\"wp-block-rbc-basic-table-header basicTableHeader\" role=\"columnheader\" scope=\"col\">\n<h4 class=\"wp-block-heading\" id=\"h-term-life\"><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/term-life-insurance\/\" data-dig-id=\"LP-LifeInsurance-35169-b40bc5ec\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"Term Life\" class=\"rbc-link-format\">Term Life<\/a><\/h4>\n<\/th>\n<\/tr>\n<\/thead>\n\n\n\n<tbody class=\"wp-block-rbc-basic-table-body basicTableBody\" role=\"rowgroup\" aria-label=\"Table body\">\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Coverage amount<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>$50,000 to $25 million<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>$25,000 to $25 million<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>$25,000 to $25 million<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>$50,000 to $25 million<\/p>\n<\/td>\n<\/tr>\n\n\n\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Coverage timeframe<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>For life<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>For life<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>For life<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Varies: 10 to 40 years<\/p>\n<\/td>\n<\/tr>\n\n\n\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Premium increase<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>No<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>No<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Flexible premiums<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Yes, at term renewal<\/p>\n<\/td>\n<\/tr>\n\n\n\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Eligible ages<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Ages 18 to 85<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Ages 0 to 80<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Ages 0 to 85<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Ages 18 to 85<\/p>\n<\/td>\n<\/tr>\n\n\n\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Medical exam<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Typically required<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Typically required<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Typically required<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>May be required depending on type of product<\/p>\n<\/td>\n<\/tr>\n\n\n\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Cash value accumulation<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>None<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Yes<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Yes<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>None<\/p>\n<\/td>\n<\/tr>\n\n\n\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Premium cost comparison<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Mid-range, fixed for life<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Highest, fixed for life<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Variable premiums, costs fluctuate<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Lowest premiums, fixed for term<\/p>\n<\/td>\n<\/tr>\n\n\n\n<tr class=\"wp-block-rbc-basic-table-row basicTableRow\" role=\"row\">\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Complexity<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Low, permanent but straightforward<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Moderate, includes cash value component<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>High, requires active management<\/p>\n<\/td>\n\n\n\n<td class=\"wp-block-rbc-basic-table-data basicTableData\" role=\"cell\" aria-label=\"Table cell\">\n<p>Very low, simple coverage<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-get-permanent-coverage-with-term-100-life-insurance\">Get permanent coverage with Term 100 life insurance<\/h2>\n\n\n\n<p>Term 100 might be the right choice if you value lifelong coverage, stable premiums, and a &#8220;set-it-and-forget-it&#8221; approach to providing for your loved ones. An licensed insurance advisor can help you evaluate your unique needs and offer personalized solutions to protect your family\u2019s future.<\/p>\n\n\n\n<div class=\"wp-block-rbc-section-inner-block  section-inner block-wpr bg-light-blue rounded-corners pos-rel pad-l pad-r mob-pad-r centered-block mob-pad-l pad-t mob-pad-t pad-b mob-pad-b\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-text-align-center mar-t mar-b-hlf mob-mar-b-hlf mob-mar-t\" id=\"h-rbc-life-insurance\">RBC Life Insurance<\/h2>\n\n\n\n<p class=\"has-text-align-center mar-b-hlf mob-mar-b-hlf pad-r mob-pad-r pad-l mob-pad-l has-text-reg-font-size\">Protect Your Loved Ones With Dependable Life Insurance.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button aligncenter btn is-style-primary primary\"><a class=\"wp-block-button__link has-text-lg-font-size has-custom-font-size wp-element-button\" href=\"https:\/\/www.rbcinsurance.com\/life-insurance\/life-insurance-quote\/index.html\" rel=\"noreferrer noopener\" data-dig-id=\"LP-283-476a44f4\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Get a quote-https:\/\/www.rbcinsurance.com\/life-insurance\/life-insurance-quote\/index.html \">Get a quote<\/a><\/div>\n<\/div><\/div>\n\n\n\n<p class=\"has-text-align-center mar-t-hlf mob-mar-t-hlf pad-b mob-pad-b has-text-reg-font-size\"><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/\" data-dig-id=\"LP-273-18de2c2e\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Learn More\" class=\"rbc-link-format\">Learn More<\/a><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><a><\/a>FAQs about Term 100 life insurance<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>Is Term 100 life insurance worth it?<\/h3>\n\n\n\n<p>Time 100 insurance may be worth it if you want affordable, permanent life insurance coverage. It offers the security of knowing your premiums will never increase and that you have coverage for life. Because there is no accumulated cash value component, the premiums are lower than those of other permanent policies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>How much Term 100 life insurance coverage do I need?<\/h3>\n\n\n\n<p>The amount of insurance you need is a personal decision based on your needs, but also your budget. However, when choosing a coverage amount, a good rule of thumb is to have at least five to seven times your yearly net (after tax) income. Beyond that, consider key factors such as:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Debt obligations:<\/strong> How much debt do you have and how would it take for your spouse or partner to pay it off? Aim to align any amortization schedules with your insurance coverage.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Dependents:<\/strong> Evaluate the number and ages of your dependents and the years of support they will require, including post-secondary education.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Existing benefits: <\/strong>Do you have supplemental coverage through work benefits?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Other assets:<\/strong> What additional savings do you have (cash, investments, RRSPs) and what are the tax ramifications of these becoming part of your estate?<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>Use this <a href=\"https:\/\/www.rbcinsurance.com\/life-insurance\/life-insurance-calculator\/index.html\" data-dig-id=\"LP-LifeInsurance-35169-85ac28d0\" data-dig-category=\"LP-LifeInsurance\" data-dig-action=\"link click\" data-dig-label=\"RBC life insurance calculator\" class=\"rbc-link-format\">RBC life insurance calculator<\/a> to estimate your financial needs based on variables such as your age, relationship status, income and debt, or request a call from an RBC insurance advisor to discuss your options further.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a><\/a>What is the difference between Term 100 and Term to 100?<\/h3>\n\n\n\n<p>While the terms may be used interchangeably, it\u2019s important to check your policy to understand if and when coverage ends. With Term 100 life insurance, you will pay premiums up until age 100, at which point coverage continues but payments stop. With Term to 100 coverage, both your payments and your coverage cease at age 100.<\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse2de7ba0a\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse2de7ba0a\" data-dig-id=\"LP-10384-2de7ba0a\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things Our Lawyers Want You to Know\"><div>Things Our Lawyers Want You to Know<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse2de7ba0a\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p class=\"has-text-sm-font-size\">*Home and auto insurance products are distributed by RBC Insurance Agency Ltd. and underwritten by Aviva General Insurance Company. In Quebec, RBC Insurance Agency Ltd. Is registered as a damage insurance agency. As a result of government-run auto insurance plans, auto insurance is not available through RBC Insurance in Manitoba, Saskatchewan and British Columbia.<\/p>\n\n\n\n<p class=\"has-text-sm-font-size\">This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Term 100 life insurance provides guaranteed lifetime protection at an affordable rate. Here\u2019s what Canadians should know about how Term 100 life insurance works. <\/p>\n","protected":false},"author":208,"featured_media":35177,"comment_status":"open","ping_status":"open","sticky":false,"template":"templates\/new-rbci-design.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[54],"tags":[4],"article-type":[80],"ppma_author":[169],"class_list":["post-35169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-insurance","tag-life-insurance","article-type-advice-learning"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is Term 100 Life Insurance and How Does It Work? | RBC Insurance<\/title>\n<meta name=\"description\" content=\"Term 100 life insurance provides guaranteed lifetime protection at an affordable rate. 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