Can Life Insurance Companies Raise Premiums? 
Can a life insurance companies raise premiums on policies ? It depends . A life insurance policy is a contract and terms of the contract will dictate whether or not premiums can or will be raised . For example if you have a guaranteed whole life policy the wording will probably indicate premiums level . If you have a term policy that renewals after 10 years , then the premium will rise . A previously mentioned , you would be bested served meeting with a local independent broker to help you determine what plan is right for you . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 