Lotsa folks buy a policy, put it away and just pay the bill.
Your life insurance really needs to be reviewed and shopped at least every two years. Many insurers offer new policies with lower rates. At this point in time it should be done before year end, as rates are going up. For new policies due to the diminished returns insurers are getting, by investing policyholders premiums.
Does your Life Insurance cover you for Extended Care expenses <Long Term Care> ? or just pay a death benefit?
Many current plans do double duty by covering this additional serious risk also. This is much more cost effective than buying separate policies to coverÂ each risk.
Find out more, costs nothing. Doing nothing can be very expensive.