However, you'll pay a higher premium for your renewal term life policy since age is one of key factors used to determine how much someone pays for their life insurance policy.
Each time you renew your term life coverage you'll pay a higher premium based on your age at renewal.
So, for example, when your current 10 year term life policy expires, your new 10 year term life insurance plan will have a higher premium based on your age at the time of your renewal.
You'll pay the same premium each year for the 10 years of your new term policy.