By guarantee we mean
guaranteed level premiums before your rates will likely go up, so you have 10 years before your premiums will go up and usually it's a significant increase.
Not exact matches
Modified Premium Whole Life — Finally,
premiums are
guaranteed for 10 years with this policy
before then being
guaranteed at a higher
level until the age of 100.
Make sure you understand how long your
premium is
guaranteed to remain
level (the same)
before purchasing your term life plan.
If he converts that $ 1 million
before the rate increase it would cost him $ 12,755 annually to
guarantee a
level premium and death benefit to age 121.