5 Reasons Why You Should Revisit Your Life Insurance
December 12, 2025 | Tom Peterson
When was the last time you looked closely at your life insurance policy? For many people, it was the day they purchased it or the day it was provided through an employer. Years may have passed since then, and in that time your life, family, and even financial responsibilities may have changed. If you are not sure what coverage you currently have or what's protected by your policy, you are not alone.
Life insurance is not something most people think about every day, but it is worth revisiting from time to time. Reviewing your policy can help you confirm the coverage you have, understand how it works today, and make adjustments if your needs have changed. Taking these steps now can ensure that your policy continues to protect the people who matter most.
Now, let's look at several reasons that signal a review of your life insurance policy is necessary.
5 Reasons to Revisit Your Life Insurance Policy
1. You are Retired
2. Your Beneficiaries Have Changed
3. You are Buying a New Home
4. If It's Time for Your Annual Review
5. If You Are Getting Married or Divorced
Why It’s Important to Revisit Your Policy at Times
Reason 1: You are Retired
If you are retired, the life insurance policy that your past employer provided may not be currently active. Or, if you still have life insurance from your previous employer, the current coverage may be different than the coverage that was provided months or years ago. Keep in mind that some group policies provide coverage that increases each year, so it’s important to keep track of the pricing, coverage and type of life insurance that you have.
Reason 2: Your Beneficiaries Have Changed
If you have remarried or your spouse or other beneficiary has passed, analyzing your current life insurance is crucial to making sure that your beneficiaries are up to date. It’s important to remember that when you make a beneficiary change, you must address every policy that they are connected to so that your beneficiaries won’t be denied access to the funds.
Reason 3: You are Buying a New Home
Will your current life insurance policy cover the mortgage cost of your new home? Are there any outstanding expenses associated with this new purchase, such as renovations to your previous home prior to the sale, or planned remodeling projects for the new house? It’s always a good idea to reevaluate how your current life insurance policy is allocated, so you know in advance whether your current coverage is suitable for your existing needs.
Reason 4: If It’s Time for Your Annual Review
Financially, you should review your life insurance policy on a yearly basis. Reviewing a life insurance policy alone can be a complicated endeavor, but if you meet with an insurance agent, the agent can guide you through analyzing your life insurance policy. At Twin City Underwriters, our qualified agents can meet with you to discuss the details of your current life insurance policy and if your current life insurance policy fits your needs.
Reason 5: If You are Getting Married or Divorced
If you are getting married, you may want to list your new spouse as a beneficiary on your life insurance. Keep in mind that you may also want to look over the details and benefits of both your policy and your new spouse’s policy to make sure that the policies can offer the benefits that your new family needs. If you are getting divorced, you should review your life insurance policy and possibly take your ex-spouse off of your list of beneficiaries.
Confidently Review Your Life Insurance Policy with Expert Guidance
Revisiting your life insurance policy can be overwhelming, and you might have difficulty knowing if it’s still the right plan or if it provides adequate coverage.
At Twin City Underwriters, we have been helping individuals choose the right life insurance for over 50 years. As life insurance brokers, we represent several different insurance companies, allowing us to compare various options and ensure you have the best coverage for your needs.
Reach out to our team today for a free, no-obligation meeting to review your existing life insurance policy or to purchase new coverage that better fits your requirements.
Are you ready to have a meaningful discussion about your financial needs? Call or email TCU today to set up a free, no-obligation appointment with one of our local Minnesotan insurance agents today!
This is an updated blog that was originally published in 2019.
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Choosing a life insurance plan can be difficult. Working with an insurance broker can help you find a plan that fits your needs. Schedule a one-on-one meeting with one of our life insurance brokers to get your insurance questions answered!