You should review all of your insurance needs at least once a year. If you have a major life change, you should contact your insurance agent or company representative. The change in your life may have a significant impact on your insurance needs. Life changes may include:
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Marriage or divorce
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A child or grandchild who is born or adopted
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Significant changes in your health or that of your spouse/domestic partner
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Taking on the financial responsibility of an aging parent
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Purchasing a new home
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A loved one who requires long-term care
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Refinancing your home
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Coming into an inheritance
This article adapted from information provided by the Insurance Information Institute.
