Face amount decreases are allowed after the first policy year, up to 50% of the original face amount. Compare life insurance find the best life insurance rates with policygenius today. What Is Life Insurance Exact Definition Meaning Of Life Insurance Ad don’t delay on getting term life insurance. Life insurance face amount decrease . Decreasing term insurance is a renewable term life insurance with coverage decreasing at a predetermined rate throughout the policy's life. Meanwhile, if you are above 60 years old, then this figure may decrease to 10 times your income. Life auto home health business renter disability commercial auto long term care annuity. Do not assume that the face amount is the same as the death benefit when it comes to permanent life insurance. Face reductions allowed after first policy year. Ad don’t delay on getting term life insurance. While a level term life insurance policy has a face value that remains constant over the life of the poli...