How do I enter life insurance premiums that increase at renewal?

A term policy ends at its entered expiry date; TIME MACHINE does not automatically renew it at a new premium. To model another term, enter a separate policy beginning when the old one ends, with the new premium and benefit.

For a year-by-year schedule, the insurance Help also describes using a Term to 100 entry and its annual table. Enter the actual premium and death benefit for each year, including zero benefit after coverage ends. This is a modelling representation, so check that its dates and benefits match the contract you intend to test.

If future premiums are missing, first check policy type, expiry and whether the annual illustration table was completed and saved. A generic inflation assumption does not supply an insurer’s age-based renewal schedule.