In which of the following policies is the insured covered to age 100 and the owner pays a level premium throughout the life of the policy?

A Single Premium policy requires a one-time lump sum payment at the outset, providing immediate coverage for the insured's entire life. Unlike Straight Whole Life, it does not involve level premiums paid over time, as the entire premium is paid upfront, eliminating ongoing payment responsibilities.

A Renewable Term policy offers coverage for a specified period (term), typically 10 to 30 years, with the option to renew at the end of the term. However, it does not provide coverage to age 100, nor does it involve level premiums over the insured's lifetime, as premiums often increase upon renewal.

A Paid-Up Life policy allows the policyholder to stop paying premiums after a certain point while still retaining coverage for life. However, it typically does not guarantee coverage to age 100 from the start and may require higher premiums initially, differing from the consistent payment structure of a Straight Whole Life policy.