A 50-year structural design life is required by some authorities, for example James Cook University calls for a minimum "building design working life" of 50 years for its own buildings. Perhaps glulam producers have aligned their warranties to this common requirement. We are not aware of a glulam producer that warrants its products for 120 years. It would seem somewhat impractical given that such a long term warranty could never be exercised. The personnel who issued it would be long gone, and probably the company as well.