It will help, but some cards DO jsut up and die after volt mods. It's not very common, and usually is caused by a slight error by the modder. maybe he added just a TAD too much voltage, and after a few days of running at that voltage, it jsut gives.
i really dont suggest modding hardware that you can't afford to replace, it's not a good idea. if money is no problem, experiment away. just make sure you are clear on the instructions, and there shouldn't be much room for error. just remember it's kind of like overclocking, one card might take well to the mods, and another card might hate them and artifact.