How Often Should You Review Your Insurance?

Insurance is easy to set aside once it is in place. But family life, debt, income, and benefits all change over time. A policy that once fit well may become too small, too expensive, or aimed at the wrong problem.

A regular review keeps the plan connected to the life it is supposed to protect.

Good review triggers

• Buying or refinancing a home
• Having children or becoming responsible for a dependant
• Changing jobs or becoming self-employed
• Starting, selling, or growing a business
• Approaching retirement
• Receiving a premium increase or renewal notice

A simple rhythm

For many families, a brief annual check-in and a deeper review after major life changes is enough to keep coverage aligned without overcomplicating the plan.

Ottawa And Ontario Examples

• An Ottawa family with work benefits, an older life policy, and mortgage insurance may need a plain-English review to see where the gaps are.
• A household that recently changed jobs, bought a home, or had children may need to update coverage even if policies are already in place.

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