Do Universal Life Insurance Premiums Increase? 
That is a great question ! Universal life policies are not like other life insurance policies . A term policy has clearly defined time periods of coverage and payment amounts and frequency . A whole life policy has a set payment , and a certain end date -LRB- yours -RRB- . A universal , or variable , policy is not so clearly defined , and therefore is not the best policy for some people . In this type of policy , your payments , and length of coverage are dependent upon investment performance , and if the investments do poorly , the policy alters to adjust . That means your payments may increase dramatically , your coverage shorten , or your policy collapses and goes belly up . Your policy may make guarantees about these things , you will need to check with your agent and see . Good luck . Thanks for asking ! 