In a continuous pay whole life policy, what happens at age 100?

In a continuous pay whole life policy, reaching age 100 signifies a significant event in the life of the policy. At this age, the policy typically matures, meaning the insurer pays the owner the face amount of the policy. This feature is a defining aspect of whole life insurance, as it is designed to provide coverage for the entire lifetime of the insured, and reaching the maturity age of 100 ensures that the policyholder or their beneficiaries receive the benefits regardless of whether the insured is still living.

It is important to understand that while this is a common feature, the specific terms may vary depending on the insurance provider and the details of the policy in question. But generally, the expectation is that the benefits will be paid out to the policy owner at this milestone age.

The aspect of the policy expiring, stopping premiums, or increasing the face amount does not align with the primary function of whole life insurance at age 100, thus making those options less relevant in this context.