It depends on the type of life insurance policy you have.

There are a few different types of term life plans, including Level Term, Decreasing Term, and Annual renewable Term, among others.

Level term life insurance premiums remain the same for the entire duration of your policy term - for a period of 10, 15, 20, 25, 30, 35 or 40 years.

Decreasing term life policies have level premiums, but the amount of coverage provided by your life insurance policy decreases each year.

Annual renewable term li...
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If I buy a term life insurance policy will the premiums for life insurance change over time?

Whether or not your life insurance premiums remain the same each year for the entire term period of your policy or increase over time will depend on the type of term life insurance policy you purchase.

Premiums for a term life policy may be either level or increasing over time.

Premiums can also be guaranteed in the life insurance policy to remain level for a specified number of years a...

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