You should review all 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:

1. Marriage or divorce
2. A child or grandchild who is born or adopted
3. Significant changes in your health or that of your spouse/domestic partner
4. Taking on the financial responsibility of an aging parent
5. Purchasing a new home
6. A loved one who requires long-term care
7. Refinancing your home
8. Coming into an inheritance
9. Switching jobs/careers or significant salary increases
   1. Generally, employee sponsored life insurance policies are not able to be taken if you leave or are fired. Sometimes you have this option, but generally if you leave you lose the coverage.
   2. If you change jobs or careers and get a significant raise or pay increase, you might need more life insurance. 10X annual salary is generally a good starting point when evaluating coverage.
10. Group Corporate sponsored life benefits only
    1. Generally, corporate sponsored life policies tend to be annual term with rates increasing as you age. You should consider locking in a rate with a level term product so that your premiums are guaranteed to remain the same for the duration of the term.