Find solution
How can medical insurance rates go down?

Can my term life insurance rates go up?

  • If I have already bought a term life insurance plan for 20 years a year ago, and I get a new job which is a higher risk job, will my insurance rate go up? If so how much could it go ...show more

  • Answer:

    No. As long as you got your risker job after you got the policy and did not lie on the application.

QMZRGMNH6KSRSXOIG7NLRBMAGQ at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Not if your policy has a fixed rate. Read the policy provisions.

rotflol

What ever risk the company took at the time of the application is the risk they keep. If you change jobs, start smoking, get AIDS, whatever, the company can not change the rates that were agreed upon for your contract. Even the renewals rates should be guaranteed (if it's not a sketchy company), so if you do have to renew your policy for longer than 20 years the rates that are in the orginal policy contract are what they will be...

Chris C

No, they will stay the same for the 20 years.

Matthew G

Normally Premium won't change for 20 years term life insurance policy. But if your new job is a higher risk job, it may attract Occupational extra. In that case premium will go up. Extra premium will depends on nature of occupation.

Venkatesh Babu C.S

read your policy that you signed....how would we know?

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.