There are several major life events that may give rise to a need to review your life insurance plan including marriage, divorce, college, having children, buying a new home, getting a new job or a new promotion - all things that change your life circumstances and your need for life insurance protection.
Because your life insurance needs will change over time, your life insurance plan should be reviewed periodically, at least every three to five years.
Most life insurance professionals suggest you re-evaluate your life insurance coverage needs at least once every 5 years, or when you have a major change in life circumstances.
You can use a life insurance needs calculator to help you review and determine how much life insurance you currently need.