How Often Should I Review My Life Insurance Policy?
You should review your life insurance policies once a year to make sure you are adequately covered for your present situation in life. Significant changes in peoples lives happen every so often and may include:
- Marriage or divorce
- New children
- Purchasing or refinancing a home
- Changes in health
- Financial responsibility of parents
- Death of a spouse
An insurance agent will be able to help in determining your future life insurance needs based on what life stage your situation is.