We proudly provide life insurance policies to our local community at NY Twin Bridges Insurance Agency, serving the community in and around Albany, NY. One of the questions we often encounter is how frequently one should review their life insurance policy. Life is always changing, so your insurance needs may change. Here’s some information about the frequency with which you need to consider reviewing your life insurance policy.

How Often Should You Review Your Life Insurance Policy?

Reviewing your life insurance policy at least once a year is a good idea. However, there are specific moments in life when you might want to review it more frequently to ensure it still meets your needs.

Significant Life Events

Major milestones, such as getting married, having a baby, or buying a home, can change your insurance needs. It’s smart to revisit your policy whenever you experience a significant life event. This ensures that your coverage adequately protects your loved ones in light of your new circumstances.

Financial Changes

If your financial situation changes significantly, whether you’ve received a promotion, changed jobs, or encountered financial difficulties, it’s wise to reassess your policy. Keeping your coverage in line with your current financial state helps provide the necessary protection for your family’s future.

Health Updates

Changes in your health can also warrant a review. Whether you’ve experienced an improvement or a decline in your health, updating your policy accordingly ensures you’re taking full advantage of the benefits and necessary protections.

If it’s been a year or longer since your life insurance policy was last reviewed, now is the perfect time to review it. Call us at NY Twin Bridges Insurance Agency, serving Albany, NY, to get started.