Does Life Insurance Go Up? 
It will depend on the type of policy selected . Term insurance will eventually always rise in cost as a policyholder ages . Term is temporary coverage that may offer a level period of cost , but kept beyond that period , costs usually rises every year . With permanent insurance a single cost is created at the begining of the policy that will be charged either for a set period of time or the life of the policy . The easiest way to think of cost and life insurance is as follows . . `` Term insurance is the cheapest to start with , the most expensive to finish with and Whole life is the most expensive to start with , but the cheapest to finish with . '' 