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Reviewing Your Life Insurance as Your Life Changes

It’s great that you have some form of life insurance to protect you and your loved ones should you pass away or be unable to work due to an illness or injury. However, your policy may no longer meet your requirements.
Fact Checked

Updated: 19 May 2024

The changes you experience year-to-year can trigger the need to update your insurance coverages. Make sure you and your loved ones are financially protected at this new phase of your life. Review and update your policy type, cover amount and nominated beneficiaries.

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How often should you review your life insurance policy?

Your policy generally requires an update after any major life event, for example, buying a home, starting a family or retiring. It might be worth reviewing your insurance annually to check and make sure it still provides you with value at your current stage of life.