A good rule of thumb is that when there are life changes that occur, your life insurance beneficiaries should be reviewed to ensure they are up to date and still fit your desires. While there are many key events that should trigger a review of life insurance beneficiaries, some common life changes that should prompt you into reviewing your policy are birth, adoption, change in marital status, and death. Also, do not forget about group life insurance plans through employers. Even when there are no life changes, it is a good practice to consider reviewing life insurance beneficiary designations about once a year. For more information, see Brad Cummins, When to Update Your Life Insurance Beneficiaries, Investopedia, May 17, 2016.