Some term life insurance plans provide coverage for a period of 10, 15 or 20 years.
In addition, these term life policies may offer you the option of paying additional to purchase the option to renew the policy by a certain date in the future. Renewability refers to renewing your existing term life policy for another term when it expires. There is no physical exam required, and your rate cannot be increased due to health issues at renewal, just your age.
There is also the option of convertibility, or the ability to convert your term life insurance into permanent life insurance by a certain date in the future. This allows you to have permanent life insurance throughout your lifetime if you choose to convert your term life insurance coverage.