If I have already bought a plan for 20 years a year ago, and I get a new job which is a higher risk job, will my go up? If so how much could it go up by?

 

  • mbrcatz 9:01 pm on February 26, 2010

    Nope. If you bought 20 year level term, it’s level, for 20 full years.

  • Jari 9:01 pm on February 26, 2010

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

  • jlf 9:01 pm on February 26, 2010

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

  • car253 9:01 pm on February 26, 2010

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

  • Venkatesh Babu C.S 9:01 pm on February 26, 2010

    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.

  • Brandon 9:01 pm on February 26, 2010

    You can easily check life insurance quotes in internet, for example here – lifeinsurance.awardspace.info

  • Matthew G 9:01 pm on February 26, 2010

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

  • Chris C 9:01 pm on February 26, 2010

    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…