Does Term Life Insurance Decrease Over Time? 
Most term life insurance companies have guaranteed level death benefits and premiums for a specified number of years . For example , 10 , 15 , 20 and 30 years are the most popular plans . There are some carriers that issue reducing term plans -LRB- often purchased to cover a mortgage -RRB- although they are not as popular as they were in the 80s and 90s . 