Yes, but endurance tests almost invariably show that the warranty ratings are extremely conservative. The 1TB 850 PRO (which uses exactly the same NAND chips as the 850 EVO, just a different controller) has been endurance tested to more than 7 Petabytes. See: http://packet.company/blog/
The older generations typically had better endurance, the newer generations are more dense (cheaper to produce) but less durable.
That was true when comparing MLC flash to TLC. But the 850 EVO and PRO use 3D V-NAND, which has significantly more endurance than previous-generation TLC. This seems to be confirmed by endurance tests.
your SSD should be OK for your for at least next 11 years
The warranty runs out after 5 years, anyway. But that does not mean it will suddenly stop working on that date!