Life Insurance Policy Review


Life Insurance Policy Review
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When a life insurance policy is purchased, most people put it away for safekeeping and forget about it. After all, now that you purchased that brand new term or permanent policy, you’re covered so what’s the point of thinking about that policy after purchasing it? You may not understand the importance of an annual life insurance policy review.

Why is it important to review your policy annually? In many cases, most of the life insurance policies that Top Quote Life Insurance reviews, we are able to help the policy owner either save more money or find more coverage for the same amount of money or less.

Saving money is always a great thing, but more importantly, a life insurance policy review can make sure that your life insurance coverage keeps up with life-changing events.

Life Changing Events Should Trigger a Life Insurance Policy Review

Life constantly changes and sometimes it changes so rapidly that we forget about making sure that our financial goals for our family are taken care of in the event of the unexpected passing of a loved one.

Top Quote Life Insurance recommends reviewing your life insurance coverage at least once a year. As life changes it’s best to make sure your life insurance coverage fits your family’s financial goals and future plans.

Below is a list of common life-changing events that should immediately trigger the need for a life insurance policy review. Catching some of these life-changing events early enough can result in saving money on your life insurance coverage but most importantly make sure you have the correct amount of life insurance coverage.


The purchase of a home is a big financial change, as well as a key reason to have life insurance coverage. A life insurance policy review will make sure there is enough death benefit coverage for your family to continue the payments, on your home, or even a complete payoff of the mortgage for the new home.


Have you had a baby or adopted a child since the purchase of your life insurance coverage? The cost to raise a child can be very expensive. A life insurance policy review can help adjust your coverage to provide the income needed to raise your child.


An improvement in your health that originally prevented you from receiving a preferred (good) health classification can result in lower life insurance rates. Two common improvements could be as simple as lower cholesterol or blood pressure. A life insurance policy review will allow us to review any changes in your health that may qualify you for cheaper life insurance coverage.


A decline in your health is a serious matter that should be addressed right away and not at the end of your term life insurance policy. There is a good chance that your term life insurance policy has a feature called a “guaranteed conversion option”. 

A conversion option allows you to convert your term life insurance policy to permanent coverage that is guaranteed regardless of your health. A life insurance policy review will help determine if converting your life insurance coverage should be done, based on the changes in your health.


Height and weight is an additional determining factor in what health classification your life insurance coverage will be approved at. If you have lost weight since the purchase of your life insurance policy, you may qualify for lower life insurance rates. A life insurance policy review will allow us to review any changes in your weight qualifying you for lower life insurance rates.


The life insurance rates between a non-smoker and smoker are significant. A life insurance policy review will prevent you from missing out on big saving if you have quit smoking for at least 2 years.


When purchasing a business or starting a new business, there are many reasons to make sure you have adequate life insurance coverage. A life insurance policy review can ensure you have the correct type of life insurance coverage such as key-man or buy-sell insurance if partners are involved.


Are you now responsible for the care of an elderly parent? A life insurance policy review can help you adjust your death benefit to provide funds for the continued care of your elderly parent.


An under-performing universal life insurance policy can be a nightmare especially if it’s not caught right away. Older universal life insurance policies that were purchased when interest rates were high may not perform as expected later in life.

A life insurance policy review can provide insight into how long your life insurance coverage will last before you experience a big change in your premium in order to keep coverage going.


Taking a loan on your permanent life insurance policy is a great option to have if you need money quickly. Did you know that when taking a loan from your life insurance policy you are required to pay interest on the loan amount?

Unpaid loan interest can have a severely negative impact on how your life insurance coverage will continue to perform. The unpaid loan interest will begin to diminish the cash value, ultimately leaving you with either a very expensive premium or a lapsed life insurance policy.

A life insurance policy review can help provide an outlook on how your coverage will continue to perform, as well as provide alternative coverage options if you are unable to pay back the loan.


Career changes or job promotions often come with changes in employee benefits. A life insurance policy review can help uncover any gaps in life insurance coverage due to career changes.


Have you recently retired or getting ready to retire from your job? If so, congratulations! Retiring from your place of employment is a great reason to take a look at your overall life insurance coverage needs.

What benefits will your place of employment provide you after you have retired? Do you still require the same amount of life insurance coverage as you may have had during your working years?

A life insurance policy review will allow us to review your overall life insurance needs and make any changes to the overall death benefit or even type of overage.


 Life insurance coverage is only getting better as time goes on. A life insurance policy review can let you know about new policy features associated with the different types of life insurance coverage.

Did you know that there is a type of term life insurance coverage called “living benefits”?

Living benefits term life insurance allows you to access cash tax-free from the death benefit if you become ill with a chronic, critical, or terminal illness?

Contact Top Quote Life Insurance for a Life Insurance Policy Review

If it’s been over a year or more since you have had a life insurance policy review, then give us a call (888) 777-7574 or send us a message below and we’ll be happy to review your life insurance policy with you. You can’t afford to miss out on savings or protecting your family’s financial future.

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Jeffrey Manola

Jeffrey Manola

Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance.

Not only does he strive to provide you with the best rates for your life insurance coverage, but he also wants you to be well informed about the different types of life insurance options that are available. You will also find a significant amount of valuable information on the multiple life insurance companies that can provide you with coverage.

Jeffrey Manola is licensed to provide expert advice and help aid in the purchasing process of life insurance products. He is licensed with the National Insurance Producer Registry (NIPR) in the following states:

AL: 790866 AR: 14358927 AZ: 14358927 CA: 0K29801 CO: 531038 CT: 002536246 DC: 3000281706 DE: 3000190912 FL: W383615 GA: 3089339 HI: 482421 IA: 14358927 ID: 646048 IL: 14358927 IN: 3100885 KS: 14358927 KY: DOI-986908 LA: 758187 MA: 2045330 MD: 3000011601 ME: PRN252004 MI: 14358927 MN: 40427014 MO: 8428106 MS: 10519253 NC: 14358927 ND: 14358927 NE: 14358927 NH: 2434852 NJ: 1562332 NM: 14358927 NV: 3299018 NY: LB-1484031 OH: 1117369 OK: 100293583 OR: 14358927 PA: 740709 RI: 3000183893 SC: 14358927 TN: 2383399 TX: 1969337 UT: 648983 VA: 987464 VT: 3426230 WA: 947010 WI: 14358927 WV: 14358927

Never hesitate to reach out to Jeffrey if you need help. Top Quote Life Insurance is more than just an online quoting agency. We want to help you save money, protect your future, and earn your trust (888) 777-7574.

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Life Insurance Rates?

Purchasing Life Insurance has never been easier

Or give us a call...888-777-7574