Look for changes since your last review
A birth, adoption, marriage, separation, new mortgage, or job change can alter who depends on your income and for how long. List the expenses and obligations the policy is meant to help with. Then compare that list with your existing benefit and with other resources your household could rely on. If you have employer coverage, ask what happens if you leave the job.
Verify beneficiaries and policy details
Ask the insurer for the current beneficiary designations and confirm the names, shares, and any contingent beneficiaries. A life event does not automatically update the insurer’s records. Use the insurer’s process for any permitted changes and keep the confirmation with your policy. Check when the term or premium guarantee ends, and note any loans or riders on a permanent policy.
Decide what to keep before replacing anything
An updated review does not necessarily mean buying a new policy. Ask what can be changed under the current contract, what a new application would require, and what benefits you could lose by replacing it. Keep existing coverage in place until you have confirmed the terms and effective date of any replacement.
Coverage depends on your policy’s terms, limits, and exclusions.