Inflation or other economic changes will not change your life insurance premiums, regardless if you have a term or whole life insurance policy. The only time you’ll have to worry about a change in your life insurance premiums is when your term life insurance policy expires. When you purchase your life insurance policy, your rates are locked in. This is why it’s beneficial to shop for life insurance earlier rather than later, making it easier to get more affordable premiums. At SelectQuote, we can quickly help you determine what policy is right for you, your budget and what might impact your life insurance premiums.