Can Life Insurance Companies Raise Premiums? 
Can insurance companies raise prices ? Yes or no , depending on the product you choose to buy . Whole life policies tend to have a guaranteed premium that the company can not raise the price of . That is a reason whole life tends to be more expensive than other choices , because the insurance company can not at a later time , change the cost . Term policies on the other hand , may offer a period of time where the cost is locked in , but it usually wo n't be for the life of the policy . A person could have a period of time where the cost stays the same for say , ten years . After ten years the price would go up every year the policy remained in force . 