With life insurance, many of us just accept the fact that the premiums are set at the outset, and that once they are locked in, you are stuck.
The good news is that this isn’t always the case.
It’s actually possible for you to contact your insurance company when your risk profile changes and negotiate a better monthly premium. This applies to term life insurance and permanent life insurance.
If you have been making positive changes in your life, consider asking for a reassessment to see if you are eligible for lower premiums.