If so, how much could it go up by?
No, your rate for your life insurance policy already in place will not go up.
If you bought a 20 year level term life insurance policy a year ago, it's level, for the 20 full years.
That's one of the main benefits of buying level term life insurance for a set period of time, it means you locked in your rate on your life insurance policy for the entire term of your plan. So, your rate will remain the same for 20 years.
In addition, the amount of the life insurance coverage remains level for the entire 20 year term on your life insurance policy.
However, if you renew your policy after 20 years, the rate will increase at that time. Learn more about 20 year fixed term life insurance.