How Premiums Work
Your premiums remain the same and your premium will be based on your age at the starting date of your insurance. When you renew, your premium will only vary if a change has been made to premium rates.
Your benefits remain the same and your premium will increase annually, depending on your age.
There are various tax advantages in holding insurance, depending on The entity that owns the policy, the purpose for which the policy is held, and the type of policy.