Does Term Life Insurance Decrease Over Time? 
Interesting question ! Most Term policies have a `` level '' guaranteed death benefit up to the time of the end of the term for the policy . However if you take in to account inflation , which has averaged about 4 % per year over the past 40 years , then the value of the death benefit definitely does decrease over time ! This is an important consideration when weighing whether to purchase Term or Whole Life , because while the premiums increase with age of the insured , the value of the death benefit decrease due to inflation . For this reason Term insurance can be much more expensive than Whole Life when you consider benefits vs cost . 