Do Universal Life Insurance Premiums Increase? 
Do Universal life premiums increase ? Yes and no . While the outside premium you pay may not change over time , the internal cost of term insurance increases within the policy . The thing is part of the set up of universal life is a side account where excess premium is deposited into either a fixed account or a variable one . These accounts earn returns over time and the cash values actually help with the cost of insurance within the policy . 