Under what circumstances could I see a rate increase for my life insurance?

Throughout your time as an employee, your rate may increase due to the following:

  • Increases in salary,
  • Increases in coverage, or
  • Entering a new five-year age bracket within term life plans

Upon entering a new five-year age bracket, the rate increase will take place on January 1st following every fifth birthday, until you reach age 86.  


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