Will My Life Insurance Premiums Go Up Every Year?

No, your life insurance premiums for a term life policy are guaranteed not to go up during the specified term of your policy as long as premiums are paid according to policy specifications.

So, if you pay your premiums on time, when due, you will keep your term life insurance policy "In Force", until your term expires.

Your premiums on a level term life insurance policy are guaranteed to remain the same for the entire duration of your term, so, if you have a 10 year term policy, your premiums stay level (the same) for the entire 10 year period.