No, the amount you pay when coverage begins is the same amount you’ll pay throughout the duration of your policy. The only time your premiums may change is if you decide to increase coverage or the frequency of your payments.
Once an individual has obtained a burial insurance policy, their premium will usually be locked in for the life of the policy. Therefore, their costs will not go up – which can be a real advantage for those who are on a budget and / or are living on a fixed income.
