I am not sure if you can name the company if you are making a negative comment, so, to be on the safe side I will not tell which firm increased their fees in one year by such a large amount.
In 2018 my coverage cost me 77,000 and in 2019 it will go up to 107,000, that's a 39% increase for a 5,000,000 policy.
I turned 62 this year, so the huge jump was not due to moving from one age group to another. i.e. turning 50 after being in the 45 to 49 age group. When I move up an age group I expect a rather hefty increase. My usual year over year increases have been in the 3% to 4% range. My age group jumps normally run 15% to 20%.
Can anybody explain why this happened?