Why an Annual Insurance Review is Essential—For New and Long-Time Clients Alike
When it comes to insurance, many people fall into a common trap: they purchase a policy, file the paperwork away, and never look at it again. But your life doesn’t stand still—and neither should your insurance coverage.
Whether you're a new client considering working with us, or a long-time policyholder who's overdue for a check-in, an annual insurance review isn’t just a nice-to-have. It’s a critical part of ensuring your coverage still aligns with your needs, goals, and life circumstances.
Here’s why sitting down with us once a year can make all the difference—for your peace of mind, your financial future, and your family.
1. Your Life Changes. Your Coverage Should, Too.
The most obvious reason to revisit your insurance annually is because life changes—and fast. Have any of these happened to you in the last 12 months?
Got married or divorced
Had a child (or your children became financially independent)
Bought a home or took on a major loan
Started or sold a business
Changed jobs or received a significant raise
Experienced a health event
Retired or started drawing from pensions
Received an inheritance
Each of these events can impact the amount or type of insurance you need. What worked last year may not work this year. During your annual review, we make sure your policies still reflect your current reality, not your past one.
2. Maximize the Value of What You Already Own
If you already have life, disability, critical illness, or long-term care insurance, great—you’ve taken a meaningful step to protect yourself and your family. But insurance products aren’t “set-it-and-forget-it.” They’re financial tools that can evolve with you.
We regularly uncover things like:
Policies that are eligible for conversions or upgrades
Cash values in permanent life insurance that can be strategically accessed
Group coverage that’s no longer sufficient or has changed without notice
Opportunities to reduce premiums through health requalification or updated underwriting
You may have more options than you think—especially if your policy is several years old.
3. Understand What You Own (Before You Need It)
Many people don’t fully understand what their insurance policies cover—or don’t—until it’s too late. An annual review gives us the opportunity to walk you through:
How your policy works
When and how it pays out
What’s covered (and what’s excluded)
How long your coverage lasts
Who the beneficiaries are
This ensures there are no surprises during a claim, and that your family or executor knows exactly what to expect.
4. Identify Gaps—and Fix Them Proactively
Most people are underinsured in at least one area, especially as their income grows or their family structure changes. Our review includes a needs analysis that helps identify any:
Coverage shortfalls (e.g. not enough life insurance to replace income or pay off a mortgage)
Missing coverage types (e.g. no critical illness or disability insurance)
Outdated beneficiaries (e.g. ex-spouses, parents instead of your partner, or no contingent listed)
We help you stay one step ahead, so you’re never scrambling to update a policy after something has already happened.
5. It’s Also About Your Bigger Financial Picture
Insurance isn’t just about risk management—it plays a role in tax planning, estate planning, and retirement. We’ll often collaborate with your accountant or lawyer (if needed) to ensure your insurance is:
Aligned with your will and estate plan
Structured in a tax-efficient way (especially if corporately owned)
Positioned to support legacy planning or charitable giving
If you're new to working with us, your first review allows us to map out a clear picture of where insurance fits into your broader financial life. For returning clients, we revisit this each year to ensure your plan stays cohesive and intentional.
6. It’s Quick, Free, and Worth It
An annual review typically takes less than an hour, costs nothing, and gives you tremendous value in return. Whether we make changes or simply confirm that everything is still on track, you’ll walk away with clarity and confidence.
Insurance is one of the few things in life that you can’t buy when you need it most—you have to plan ahead. An annual review helps ensure your plan keeps pace with your life, protects your loved ones, and continues to serve its purpose.
So whether you’re a new client exploring your options or someone we’ve worked with for years, this is your reminder: let’s talk. We’ll help you make sure that your coverage still fits—and if it doesn’t, we’ll make it right.
Book your annual review today. Your future self will thank you.