Here are some reasons you should consider reevaluating your current life insurance needs.

• You experienced major life changes. If you recently had a child, purchased a new home, or received a significant salary increase, it might be time to consider whether you need more coverage. Maybe you initially chose your coverage amount at a time when you recently bought a house or got married, but did not yet have children. Or maybe your family’s lifestyle has shifted since your recent raise.
• Your health has improved. Life insurance companies reward healthy lifestyles. Whether you previously decided against applying for life insurance due to your health or you purchased your policy when you had a health issue, if the condition is now under control, you might qualify for a lower rate.
• If you lost weight or stopped smoking, you could potentially reduce your rate. Keep in mind, you may want to wait a year or longer before reapplying, as insurance companies typically want to see lasting lifestyle changes.
• Your policy type no longer meets your needs. Life insurance available through work is an added benefit, but is often insufficient as life changes, so you may need to consider more coverage. Employer coverage can also leave you unprotected should you leave, retire, or be laid off. Purchasing an individual policy before health issues develop can help you stay protected, even if you leave your job.

With life’s inevitable changes, your coverage should evolve with your lifestyle, goals, and the people who rely on you. Term Life Insurance available through the Alumni Benefits Program is a great way to help ensure you can increase your coverage regardless of your changes in health, and even decrease coverage as your obligations reduce.

Learn more about Life insurance.²

¹ 2025 Insurance Barometer Study, Life Happens and LIMRA.
² including features, costs, eligibility, renewability, exclusions, and limitations

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