What should be reviewed regarding life insurance?

• A. To maximize investment returns of the policy.
• B. To ensure money is left behind for certain people after death.
• C. To minimize premiums regardless of coverage.
• D. To avoid beneficiary designations.

Answer: (B)

The main idea is to make sure the life insurance policy will provide financial protection for the people who depend on you after you’re gone. When you review it, focus on whether the death benefit is enough to cover final expenses, debts, ongoing living costs, mortgage, and future needs like education or replacement of income for a spouse or children. It’s also important to verify that the beneficiaries are correctly named to receive the payout and that the policy terms match your current wishes. Understand how and when the benefit would be paid, and note any cash-value components, loans, or riders that could affect future access to funds or the amount paid out. This ensures the policy fulfills its purpose of supporting loved ones, rather than chasing investment gains or minimizing premiums at the expense of adequate coverage.