How often should beneficiaries be reviewed and updated?

Beneficiaries should be reviewed and updated regularly, especially after major life events, because life circumstances can change significantly over time. Events such as marriage, divorce, births, or the death of a beneficiary can impact who should ultimately receive the policy benefits. Regularly reviewing the beneficiary designation ensures that the policyholder's intentions are fulfilled and that the benefits go to the right individuals.

This approach helps avoid potential conflicts among family members and ensures that the intended recipients are still aligned with the policyholder’s current wishes and circumstances. By being proactive about these updates, the policyholder can provide peace of mind that their coverage reflects their current situation and offers financial protection to those they care about most.