Summer Reset: Why June Is the Perfect Time To Review Your Life Insurance Coverage
June 3, 2025
June promises the bliss of warm, summer weather, fresh beginnings, and a schedule that’s slow enough to allow for some reflection. The same way you might use this time of year as a chance to reset your home or review your budget, it’s worth giving your life insurance policy a second look to ensure it still reflects your needs.
Keep reading to learn everything you need to know about reviewing your life insurance policy and why summer’s the best time to do it.
Life Changes That Should Prompt a Life Insurance Review
If you’re asking yourself, “When should I review my life insurance policy?” the answer is, whenever big life changes pop up. These can include:
- Graduations and empty nests: Kids moving out and becoming more financially independent may shift your coverage needs.
- New jobs or career changes: Promotions, layoffs, or moving to a new industry can affect your income replacement needs and employer-provided coverage.
- Marriage or divorce: Both will likely require updates to the beneficiaries of your policy and the coverage amounts.
- Retirement planning: If you’re nearing retirement, it’s vital that you reassess whether your current life insurance policy still supports your long-term goals.
Seasonal Milestones That Make June Ideal
Summer is an ideal time of year to take stock of where you are, especially when it comes to life insurance. Here are some of the best seasonal milestones to take advantage of.
Summer Travel
A change in routine and location is a great chance to review what’s important to you. Take the time to update your life insurance prior to summer travels so you’ll have peace of mind that all is well-protected, even when you’re away from home.
Health and Lifestyle Changes
Maybe you’ve decided to quit smoking, or you’ve used time outdoors to achieve a healthy weight. Either way, it may qualify you for lower premiums or better rates, so make sure to check your policy.
National Insurance Awareness Day
June 28 is a day of awareness and a timely reminder to review all your policies, including life insurance. Now is a great time to check that your coverage still aligns with your needs.
What To Look for in Your Life Insurance Policy
As you update your life insurance policy, ask yourself:
- Are your beneficiaries up to date?
- Do you perhaps need to convert or add coverage to better protect dependents or aging parents?
- Does your coverage amount reflect your current financial obligations or the ones you foresee in the near future?
- Have your circumstances changed since you first purchased your policy? If they have, your policy should reflect these changes.
Our team at 1891 Financial Life is also here to make sure these questions get asked and answered with care and expertise.
A Simple Step With a Lasting Impact
Life insurance is not a set-it-and-forget-it plan. It’s a living promise to your loved ones. This summer is a prime time to make sure your coverage lives up to your needs.
As a fraternal benefit society, 1891 Financial Life has been helping families for over 130 years with a range of life insurance solutions. Our policies are designed to support families through every season and life change, ensuring long-term peace of mind. Contact us today to book a mid-year life insurance review — we’re here to walk you through every step.
About 1891 Financial Life
Our culture is about looking out — for you, for others, for family, for the community. That is how we go “Beyond Life Insurance.”
At 1891 Financial Life, we don’t just sell policies, we offer possibilities. We pride ourselves on giving back to the communities that we serve by providing quality and comprehensive insurance solutions. We are a not-for-profit life insurance Society, which means the sales from these financial service products help fund member benefits along with social, educational, and volunteer programs designed to respond to community needs. In 2023, 1891 Financial Life was listed by Forbes as one of "The World's Best Life Insurance Companies."
Our portfolio is extensive, ranging from various life insurance policies to our annuities to support your financial needs no matter what stage of life you’re in.