# Where can I find Term Life Insurance with Variable Payoff?

Is it possible to buy term life insurance whose payoff varies with time e.g. as in:

$E = (1-\frac{x}{T})(1+r)^x$ where,
T = term of policy
r = rate of inflation (e.g., 0.03)
x = time when policy holder dies

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Mortgage life insurance policies sold by some companies have the amount insured reduce approximately as the balance still owing on the mortgage reduces: very slowly in the earlier years and accelerating in later years. You can get them for 15, 20, 25, 30 year mortgages. I don't think this is quite what you want since you seem to want the payout to reduce linearly (ignoring the inflation factor for now) with each year. – Dilip Sarwate Jan 16 '13 at 20:31