What happens to the policys premiums after the initial guaranteed level period?
Your premiums are fixed for 10, 15, 20, or 30 years. At the end of the initial period the premiums all take a big jump in price, however clients have several options. At any time within the initial period, clients can shop other options and try to extend their coverage with a new health exam through another company. Depending on your age and the specific policy, you may have the option to convert to a permanent policy without a new medical exam. Some clients may decide to continue the current policy and pay the increased premiums, but the most important thing to remember is that it is your decision. Of course, we’ll be happy to council you on the best options for your specific policy.
