Please ensure Javascript is enabled for purposes of website accessibility
 

Reviewing Your Life Insurance Policy

how often should your review your life insurance?

Reviewing Your Life Insurance Policy

When should you review your life insurance?

You never know what life will throw your way, and this is why it’s so important to have the right life insurance in Orange, California in place.  An important part of making sure that you have the right coverage is regularly reviewing and updating your policy.  But when should you conduct these reviews?  Here’s when you should be conducting a life insurance review.

Annual Reviews

Generally, you should review all your insurance policies, including your life insurance, on an annual basis.  Even if you don’t experience a major life change, it’s important that you still maintain this yearly insurance review schedule.  This is because small changes can accumulate throughout the year and influence your coverage needs.

Additional Reviews

There are certain scenarios in which you should conduct an additional insurance review.  For instance, if you are anticipating a major life change or if you experience an unexpected shift in your circumstances, then you should review and adjust your life insurance coverage accordingly.  Some of the major changes that should warrant an insurance review include:

  • Birth of a child or grandchild
  • Your child starting college
  • Caring for a sick relative
  • Major business success
  • Sudden inheritance
  • Winning the lottery

What to Consider During a Review

When reviewing your life insurance, you need to consider your current amount of debt and your other financial obligations.  As both these factors will fluctuate throughout your life, it’s important that you track these changes and adjust your coverage accordingly.

This is what you need to know about reviewing your life insurance.  Do you have further questions regarding your life insurance in Orange, California?  Then don’t hesitate to contact the experts at Remland Insurance.  Our dedicated team is ready to assist you with all your coverage needs.

COVID-19

The COVID 19 virus has certainly changed our lives for the short term both at home and at work. Our office is working in compliance with state and local officials and their request to minimize contact with others for the short term so that we can shorten the life of this virus.
As such, our offices will be available by phone or by e mail 8-5 Monday thru Friday. If you need to make an appointment to come by, please call us before you drop by, so we can reduce risk, and take care of our staff and just be safe.
Please don’t hesitate to call us and if for some reason you can’t reach us, please look at our website for carrier contact information. Thank You for your continued business.

Contact us Call Us