What happens to premiums in a Step-rate Whole Life policy after the initial period of increase?

In a Step-rate Whole Life policy, the premium structure is designed to increase over a set number of years before stabilizing at a fixed amount. After the initial period during which the premiums gradually rise, the premiums level off and do not increase further. This means that the policyholder will pay a set amount for the life of the policy, providing predictability in budgeting for insurance costs.

In contrast, other options would imply either continuous change in premium amounts or flexibility in adjustments, which does not align with the characteristics of a Step-rate Whole Life policy. Once the premiums have stabilized, they remain consistent throughout the life of the policy, fulfilling the intention of providing lifelong coverage with fixed costs.