There are many common reasons to reevaluate your life insurance policy, such as:

• Your expenses have increased (I.e. you bought a house and/or car)
• You got married
• You have more or less dependents financially dependent on you
• You paid off your mortgage
• You had a child
• Your health status changed
• Your policy from work is no longer enough
• You cosigned a loan
• Your child graduated from college and paid off private student loans
• Your income increased
• Your term life insurance policy is ending soon…

Not all insurers offer all of the discounts mentioned here. But it’s worth it to ask about them.