In recent years, insurance policies have changed, and tax laws have too. The insurance policy you purchased 10 or 15 years ago may not fit your needs now. In fact, you should confirm that all your insurance policies are still in effect. Some people begin to realize that as they get older and their children become self-sufficient, the level of insurance can be reduced. You should discuss all of these matters with your insurance adviser.
Many insurance policies have automatic escalator provisions that periodically boost the coverage.
Make sure the replacement value of your house meets industry standards, so you will not suffer a financial loss if your house is destroyed. Some people purchase mortgage life insurance, so that in the event of death, the mortgage will be paid off in full. I do not believe such a policy is worthwhile. Additionally, many individuals do not stay in the house after their spouse dies. Thus, when the house is sold, the mortgage will be paid out of the sales proceeds.