It really depends on the type of term life insurance policy you own.

Some term life plans stay level (the same premium) for the life of your insurance policy.

While others may increase after a certain number of years; for example, after you have been insured for 20 years.

Level term life insurance, which is the most popular type of term policy, provides coverage with premiums that stay the same for the duration of your policy term.

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It depends on the type of term life insurance you own.

Annually renewable term life insurance provides one year renewable coverage and increases the premium each year you renew your policy.

However, level term life insurance offers coverage with fixed premiums for a term of 10, 15, 20 or even 30 years.

The longer your "term" for coverage, the higher your rate per $1,000 of term life insurance coverage.

To learn more, read this article: Are Term Life Insurance Premiums Fixed?


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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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