5 Signs It Is Time to Update Your Life Insurance Policy

Why Reviewing Your Policy Matters

Life insurance is not a set it and forget it product. As your life changes, so should your coverage. A policy that was a perfect fit five or ten years ago may no longer meet your current needs. Reviewing your life insurance regularly ensures that your family or business will be properly protected no matter what the future brings.

Life Events Can Change Everything

Significant life events often require a fresh look at your insurance coverage. Whether you have welcomed a new child, purchased a home, or launched a business, these milestones can dramatically shift your financial obligations. Your current policy may not reflect your growing responsibilities or the people who now depend on you.

Your Financial Goals Have Evolved

As your income and assets grow, your priorities around legacy, estate planning, and retirement can change. You may want to increase your death benefit, add living benefits, or convert a term policy to permanent coverage. An outdated policy could miss key opportunities to support your financial strategy.

5 Signs It Is Time for a Policy Update

• You got married, divorced, or had a child
• You bought a home or took on new debt
• You started or expanded a business
• Your income or net worth has increased
• Your current policy is more than five years old

Other Factors to Consider

It is also important to review the details of your beneficiaries, premium payments, and riders. Outdated beneficiary designations or lapsed riders could lead to unnecessary complications later. If your policy is under performing or nearing the end of its term, it may be time to adjust or replace it with a better option.

Let Coto Insurance Guide You

At Coto Insurance, we make reviewing your life insurance simple and stress free. Our licensed agents will evaluate your existing coverage, explain any gaps, and offer updated recommendations based on your goals. We work with top carriers to ensure that your policy continues to protect the people and priorities that matter most.

Contact Coto Insurance today to schedule a no obligation policy review and make sure your life insurance still fits your life.