E9: Does my life insurance policy need a check-up? How do I know if it’s still working for me?

Most people buy a life insurance policy and never look at it again—until they get a lapse notice in the mail. Sandy from Racine asks if policies need to be reviewed, and the answer is an emphatic yes. Mark explains why stale insurance can be a liability and how a portfolio review can help identify policies that are no longer meeting their original expectations.

We look at the difference between old and new types of policies, including LERP programs and policies that can allow you to use your death benefit for long-term care while you are still living. Learn how to look under the hood of your insurance to ensure your peace of mind isn’t at risk.