How Often Should I Review My Life Insurance Needs?

Its called life insurance, and life can change quickly which is why you should review your life insurance needs on a regular basis to make sure you have the right amount of protection for your loved ones.

There are several important life events that may give rise to a need to review your life insurance including marriage, divorce, having children, college, buying a new home, getting a new job or promotion - all things that change life circumstances and your need for life insurance.

Because your life insurance needs will change over time, your life insurance plan should be reviewed periodically, at least every 3 to 5 years.

Most life insurance professionals suggest you revaluate your life insurance coverage needs at least once every five years, or when you have a major change in life circumstances.

You can use a life insurance needs calculator to help you easily determine how much life insurance you currently need.