It's vital that a person who has a life insurance policy check the details of it with a life insurance agent annually, at a minimum. In fact, that suggestion applies to any type of insurance policies but life policies in particular due to the death benefit, which is sometimes a very large dollar amount.Anyone who faces a major life change should think about adjusting a life policy at the time of the event in question. All you need to do is contact the insurance company or the agent you work with and ask about what needs to be done given the circumstances. Different events have a vast range of effect on the policy’s provisions. However, there are some typical life events that routinely require a change in life policies. Those include events like divorce, separation, a first or subsequent marriage, or when a grandchild or child is born.Other situations that might call for a closer look at the provisions of a life insurance policy following life events or changes such as:-Any major changes in the health or daily routine of the insured or the life partner or spouse of the insured.-Taking on the primary responsibility for a disabled or elderly spouse or family member.-Purchasing a first or subsequent home.-A relative who becomes disabled and requires long-term care.-Standard home refinancing situations.-Getting a large inheritance, lottery winning or game-show prize.