What does "Endow at the insured's age 100" signify in life insurance?

The phrase "Endow at the insured's age 100" signifies that the life insurance policy will mature or "endow" when the insured reaches the age of 100. At this point, the policy is designed to pay out its cash value to the policyholder, assuming they are still living. This is a key feature in some life insurance policies, particularly whole life policies, which accumulate cash value over time.

The endowment aspect essentially means that instead of only providing a death benefit upon the death of the insured, the policy also includes a living benefit that can be accessed at a specified age, which in this case is 100. This ensures that the policyholder has a guaranteed payout by a certain age, regardless of whether they have passed away or not.

In contrast, other options do not accurately describe the meaning of the term. For example, while a renewable policy may have provisions related to aging, it does not specifically relate to endowment. Premium reductions or increased death benefits at age 100 also do not capture the essence of what endowment means in this context, which is primarily about the maturation of the policy and the payment of its cash value.