Which of the following is false regarding Term to $100$ policies:

Question $43$ options:

The policy holder has the option to choose investments that reflect their individual risk levels

It is a form of permanent insurance

There is no income tax reporting required

The premium schedule will appear higher in the early years of the policy when compared with a five or ten year term $($non$-$permanent$)$ because the premium is level throughout the term to $100$ policy payment period