How Often Should I Review My Life Insurance Policy
You should review your insurance needs at least once a year. If you have a major life change, you should contact your insurance agent as soon as possible. The change in your life may have a large impact on your insurance needs. Life changes may include:
• Marriage, divorce or retirement
• Birth or adoption of a child
• Major changes in your health or that of your spouse
• Financial care of an aging parent
• Buying or refinancing a home
• Buying or investing in a business
• The need for long-term care of a loved one
• Collecting an inheritance