All of the following are characteristics of Ordinary Whole Life Insurance, except?

Ordinary Whole Life Insurance is designed to provide coverage for the lifetime of the insured, and upon reaching the age of 100, the policy matures. At that point, the cash value of the policy is equal to the face amount, allowing the policyholder various options including receiving the death benefit or accessing the cash value.

The characteristic that is not true about Ordinary Whole Life Insurance is that the total premiums paid are returned to the policyowner upon death. While the policy does build cash value and pays out the face amount upon the death of the insured, it does not return the total premiums paid. Instead, the payout is determined by the face amount specified in the policy, which is the amount the beneficiaries will receive upon the insured's death, rather than a return of all the premium payments made.

This distinction is important because it clarifies that the policy functions primarily to provide a death benefit and build cash value rather than to return premiums.