However, if you renew your term life policy, you will pay a higher premium for your new policy, which is based on your age at renewal.
Term life insurance does offer renewal coverage if you decide you need life insurance to continue after the original term of your term life insurance policy.
So, you may want to consider a longer term for coverage when choosing your first term life policy so you can lock-in a low rate for a longer period of time, just in case your circumstances change and you need coverage longer than you might expect right now.