Review Your Plan Often
While experts believe that 40 years of age is an inflection point in life insurance purchase cycle of an individual, most of them agree that one should ideally review his life insurance needs every five years. Many times as people advance in their careers, income goes up and so does lifestyle. Also, events such as buying a house funded by a home loan, marriage and childbirths are typical events that enhance the need to buy more life insurance cover. Each time it may not be feasible to buy a new policy.