Why Do Life Insurance Premiums Increase? 
Life insurance only increases on certain types of plans . For example , an annual renewable term life policy is very affordable but premiums increase annually . Term life policies such as 10-20-30-35 year term policies do not increase until the term is completed . Although , the policy will not cancel in almost every case you will see an increase in premiums about 10 fold . This is usually painful enough for you to drop the coverage and apply again . This way an underwriter has another chance to evaluate you at an appropriate premium . Typically policies such as whole life , universal life , indexed universal life and variable life premiums should stay steady if funded correctly at point of application . 