When Should I Review My Life Insurance?

It’s important to review your life insurance at the following:

• You are getting married
• You are getting divorced
• The birth of a child
• The adoption of a child
• Buying a new home
• Starting a business
• Buying an existing business
• Taking out a large loan
• Starting a new higher paying job
• Leaving a job and losing insurance benefits
• Your existing insurance premium is going to increase
• You bought insurance while a tobacco user and now you have quit for more than one year
• You were charged a higher premium on a policy because of health or activities and your situation has improved
• You find that you have an estate tax problem
• Your health has deteriorated
• You or a relative can no longer make decisions for themselves
• Every few years just to be safe