Term life insurance does not accumulate cash value over time, and its value does not decrease. Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years, and pays out a death benefit if the insured passes away during the term. Unlike whole life insurance, which has a cash value component that can fluctuate, term life insurance is designed purely for protection. Therefore, the value of term life insurance does not decrease over time, but rather remains constant throughout the policy term. It's important to note that once the term ends, the coverage also ends, and the policyholder does not receive any payout unless a death benefit claim is made. Overall, term life insurance is a valuable tool for providing financial protection to loved ones during specific periods of life when the need for coverage is high, such as when raising a family or paying off a mortgage.