Yes, it is possible to switch from a term policy to permanent coverage or vice versa. However, it is important to note that making a change can come with a cost, such as new premiums or policy fees.
Ultimately, the decision between term and permanent life insurance policies comes down to your individual needs and goals. Assess your current financial situation, future goals, and family's needs to determine which type of policy is best for you. And remember, it's never too early to start thinking about life insurance – the earlier you invest in a policy, the more cost-effective it can be in the long run.