There are a few situations where you may find it worthwhile to change or update your life insurance policy. This can be whenever you find yourself in a new job, or you experience a salary change. You may wish to change the recipients of your life insurance depending on who it was originally for.This may be in the case of when you have children or when you’ve separated or become estranged from family and friends. Any substantial asset changes can also warrant a change or update to your life insurance. For example, if you’ve got new investments that have accrued a significant amount of money, you may want to incorporate this too.These changes in financial position can often improve the payout that your loved ones may receive if you were to pass.