Term may be great for pure protection while you're building your assets, but like some of the prior replies it will vary with your life goals, plans, and preferences.First of All if term was so great for "everyone," (blanket) you'll be hard pressed to renew that term policy past 65 when you'll probably need it most and then secondly as term gets past 40-50,50-60, and 60-65 its prohibitively expensive even on the just the pure insurance aspects of it.Then 65 till death you'll need a great game plan and have enough assets working you and your heirs because if they inherit the estate without adequate liquidity to pay the final expenses they would have to fire sale the assets/real estate in order to do so at a time when they probably wouldn't want to focus on those business particulars.Then on top of that if you own more than the current 5.25 mil in assets you may have an estate tax issue as well subject to the current 40% rate + state if applicable.If you would have fully funded your permanent policy adequately to the MEC (modified endowment contract) limits when insurance was cheaper such as at "birth," by the parents, by the time the kid is 8-12 they could have a policy that probably earns more than cost of the premium payment based off internal policy returns which would allow the policy to continue indefinitely assuming you have a professional review your policy annually and do analysis when you plan to take a withdrawal or a loan to make sure the policy is respected.

New Haven is home to Yale which boasts one of the largest endowments of any university in the country.

I'm so delighted to be a part of this big and resource-endowed community. 

Harvard endowment and John Hancock certainly know the routine.

Some of the brightest investors in the country  Harvard endowment  John Hancock etc. they are the number one owners and long term investors in Timberlands in the US.. there is no cash flow in timber.. there is own it hold it ( many times for 30 to 100 years) harvest it one time event and cash out..

You might think that scalability would be severely limited at a nonprofit, but I've heard that there's room for considerable upside at certain nonprofit institutions with large endowments.

Another alternative with $100,000 would be to create a Modified Endowment Contract (MEC) on purpose.

Plus depends on the stand but if you care for it in certain ways it can increase value even more  IE export grade or # 1  or #2 grade  Timber is graded in about 4 or 5 grades with each being more valuable than the next. the largest investors and owners of timber land in the Pacific Northwest are John Hancock insurance and the Harvard endowment fund..

Easiest way to scope it out is to find a Forester and either buy them a cup of coffee or pay for in depth information on what's most viable in the area you want to invest or work in.the largest owners of Timber lands in the US tend to be  Harvard endowment  John Hancock and of course the major lumber companies.. those aforementioned fund much of the acquisitions for those big companies plus hold their own for the long term returns.But its very local  VERY 

Harvard endowment and John Hancock insurance are two of the largest lenders and owners of Timber land in the US.