In which of the following life insurance policies are premiums fixed, but increase at each renewal?

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Term life insurance policies typically have premiums that are fixed for the duration of the term, but can increase upon renewal as the insured ages. This contrasts with whole life and universal life policies, where premiums are designed to remain level. Variable life and variable universal life policies involve investment components and their premiums are not structured to increase at each renewal in the same manner as term life.

In Which of the Following Life Insurance Policies Are Premiums