Brian Johnson | Nov 18 2025 16:00
Ensure Peace of Mind: Is Your Life Insurance Coverage Still Right?
Rethinking Life Insurance at Year's End
As the year draws to a close, it's a time for reflection and renewal. The holiday cheer mingles with the open enrollment period, making it the perfect backdrop for re-assessing your life insurance coverage. Life’s twists and turns—whether anticipated or not—can render your once-perfect life insurance policy obsolete. It's easy to overlook how significantly your priorities and responsibilities may have shifted over time. So, does your current policy still align with your life today?The Importance of an Annual Life Insurance Review
Rethinking life insurance isn’t just a task—it's vital to your financial wellness. Here’s why an annual review is so important:- Welcoming a Child or Grandchild: Adding new family members changes everything. It might be time to update your coverage to ensure their future financial security.
- Buying a Home or New Financial Obligations: A new mortgage significantly impacts your financial landscape, potentially necessitating increased coverage.
- Changes in Health, Income, or Long-term Financial Goals: Major changes in health could influence the type of policy you need, while income shifts can alter your financial coverage requirements.
- Adjusting Beneficiary Designations or Estate Plans: Ensuring your beneficiaries reflect your current wishes is crucial to avoiding future complications.
- Getting Married or Divorced: Life changes such as marriage or divorce require a reassessment of your life insurance needs to protect those who matter most.
- A New Job, Promotion, or Retirement: Career changes affect your income and financial strategy, prompting a look at how to adjust your life insurance to match.