Does Life Insurance Go Up? 
There are three main types of life insurance . Term , whole Life and Universal Life . There is also a fourth type called variable life but it is really an investment sold by investment brokers rather than most life insurance agents . Term will always go up . True term goes up each year but most people pay extra to level out the premium for 10,20 , or 30-years . Whole-life never goes up unless you buy a policy that has a laddered premium . If it has that -LRB- fairly rare -RRB- the amount and timing of the premium is built into the policy . Universal Life can be bought with guaranteed level premiums but more commonly is sold with no level premium guarantee and has large rate increases at unpredictable times . 