Expert Q&A
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Email to a FriendCan I renew my policy every year at the same premium, or will the premium increase each year?
Related Topics: Auto Insurance, Life and Disability Insurance, Home Insurance, Other Insurance, Other Insurance, Other Insurance, Other Insurance, Other Insurance
Related Tags: Rate Increase
By Robert F. Caime - New York Life
Answered about 1 year ago
Whole life policies are guaranteed premiums for the life of the contract from the day you purchase it. There are term and universal policies that may require an additional premium in the future.
