Annual term life plans come with the option of renewability when you buy your policy. This allows you to renew the policy for another year at a new, higher rate based on your age at renewal.
Although annual term life insurance plans may be affordable when you are young, it may be more affordable to consider a 5 or 10 year term life policy if you might need coverage for more than a few years.
Here's how you can learn more about annual term life insurance and request term life insurance quote comparisons online.