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Q: Are Life Insurance Premiums Guaranteed Not To Change?

2014 January 22

AAll of the plans we offer are “guaranteed level” which means that the rates are guaranteed not to change for the time period you select, whether it is a 10,15,20 or 30 year period.  The policy locks the company in to not changing the rates, and you only need to pay the premium for the length of time you want the coverage.  If you purchase a 30 year plan but decide after 20 years you don’t need it anymore then you simply cancel the policy and no further premiums are due.  The guarantees are there to protect you against companies making changes to their plans once the policy is in force.