Why Review Your Life Insurance Policy Annually?

It is a good rule of thumb to review all of your life insurance needs on an annual basis. The purpose of such a review is to be certain that the current coverage is still optimal for your family’s changing needs. There is no need to wait until your annual insurance review to change your coverage. When a significant life event occurs, you may become aware at once of its impact on your insurance needs. In the event of a major life change, you should contact your life insurance agent or company representative. The change in your life may have a significant impact on your life insurance needs.

Life Changes May Include:

• Marriage or divorce
• A child or grandchild who is born or adopted
• Significant changes in your health or that of your spouse/domestic partner
• Taking on the financial responsibility of an aging parent
• Purchasing a new home
• A loved one who requires long-term care
• Refinancing your home
• Receiving an inheritance
• Your income has gone up by 25% or more
• You or your spouse started or stopped working

Be sure to review your insurance needs on an ongoing and annual basis. The best life insurance policy is the one that is matched to your current needs as closely as possible.

At LifeQuote, our experienced insurance agents will work with you to find the term life insurance company with the most competitive rates for your situation. Get instant life insurance quotes in a matter of minutes. You can also send us an email or call our licensed agents at 1-800-521-7873.