Permanent life insurance has rates that are guaranteed to remain the same throughout your entire lifetime.
Term life insurance offers temporary coverage lasting up to 30 years, usually, or to a certain age.
With level term life insurance policies, your premium remains the same for the duration of your policy term, which may be 10, 15, 20, 25 or 30 years.
With a term to 70 life insurance policy you may have a fixed premium that remains the same for the first 20 years you are insured, then the premium increases annually until age 70.
Learn more about when do life insurance policies go up in price.