[lotsofpulp]

I applied for term life insurance at 3 or 4 life insurance companies, and they all allowed you to reduce the benefit amount a few times over the term.

Not every year, but they said it was no problem if you wanted to halve the benefit halfway through or even a second time after that (and they would lower the premiums commensurately of course).

I have Principal and Protective in the US.

[mleonhard]

Your comment is essentially "me too". That's not interesting.

[lotsofpulp]

You are right, I was too quick to interpret the first time and thought you wrote that the best they could do is sell you three different policies that you cancel whenever you want to drop that benefit amount.