Life Insurance

When Should You Review Your Life Insurance Coverage?

Life changes; your coverage should too. The milestones that signal it is time to revisit your policy.

Parents with young children at home

Life insurance is not a set-it-and-forget-it purchase. The right amount of coverage at 30 is often the wrong amount at 40. A quick review at a few key milestones keeps your policy matched to the people who depend on you.

Milestones that call for a review

  • Getting married or divorced
  • Having or adopting a child
  • Buying a home or taking on a large debt
  • Starting a business
  • A significant change in income
A good rule of thumb: revisit your coverage any time someone new starts depending on your income.

Reviews are usually quick, and they often reveal that coverage can be increased for less than people expect — or that an old policy no longer fits at all.

Review your coverage

Review your coverage