How often should I review my life insurance coverage?

Life insurance should be reviewed at every major life event and at a minimum every 3–5 years. Your coverage needs change as your financial picture evolves — what was adequate at 30 may be insufficient at 40, and may be excessive or redirected at 55.

Triggers that should prompt an immediate review: marriage or divorce, birth or adoption of a child, death of a spouse or dependent, home purchase or refinancing, significant income change (raise, job loss, new business), new debt (student loans, business loans), receipt of a significant inheritance, retirement or pre-retirement planning, and a new health diagnosis that might affect insurability.

Regular scheduled reviews: even without a triggering event, policies should be reviewed periodically to confirm beneficiary designations are current, coverage amounts still reflect current obligations, policy terms (term expiration, conversion windows) are tracked, and premium payment structures remain appropriate.

For permanent life insurance policies: additionally review cash value performance, whether the policy is meeting accumulation projections, and whether any policy loans need to be addressed.

Nevada residents can request a coverage review from an agent in our network at any time. The review is part of the professional service agents in our network provide — it is not a commitment to purchase additional coverage.