Does Term Life Insurance Decrease In Value? 
It depends on the type of term policy you purchase . The most common are guaranteed level term life which has a steady face amount and premium for a specific period of time , such as 10-20-30 years . Decreasing term is more commonly known as mortgage life or credit life . These policies insure a specific debt which is being repaid . Therefore the longer one lives and repays the debt the lower the face amount of the term life policy . There are certainly other applications to decreasing term life insurance . 