It can be a good idea to think about updating your life insurance policy if: Your health or lifestyle has changed Your financial situation has changed (your salary or mortgage might have increased) Your family has grown  Your relationship with your dependant has changed – although you will need to check your insurer can do this for you If you are not able to update your existing policy, you may be able to find a policy with a different provider that better suits your new situation. It’s always a good idea to get a personalised quote to see if your current insurance is the best option that’s available to you.