A term life insurance policy provides coverage for a set number of years, or until you reach a certain age. If you outlive the policy term, or duration, your life insurance coverage expires.
However, decreasing term life insurance is life insurance that decreases in the amount of coverage over a period of time.
For instance. a $100,000 10 year decreasing term life insurance plan would decrease in value by $10,000 each year you own the life insurance policy until the final year you have $10,000 of coverage and when the policy expires, there is no life insurance.
Here's how you can learn more about decreasing term life insurance.