You may have the option to renew your policy for an additional period of up to 10 years if you have a renewable term life policy.
Or, you could choose to purchase a new policy when your current term life plan expires.
However, you will likely need to take a medical exam to qualify for coverage, and the contestability period of two years begins again with a new life insurance policy.
With renewable term life you can renew coverage with no exam needed, but your renewal rate will increase, based on your age at the time you renew your life insurance policy.
Learn more about "Can term life insurance be extended?"