<prompt> Human: Premium goes up every year, as does the coverage. This year my premium went up 6.5. Had the LI since I was 18. Insurance company is one of the largest around.The policy says it is traditional life insurance. It covers up till age 100. I only have to pay for 20 years.edit: just to be clear, premium ie the 1830 is for the whole year is paid annually.  <response>: That is an insane amount to be paying. See our FAQ entry on insurance You are likely wasting your money. 