Most individuals will hold life insurance, these could be old endowment based life insurance polices or more complex insurance with critical illness, health cover and unemployment cover.
The bottom line is you should review your situation every year - why? Your circumstances change, your health may change and one thing for sure you will be growing older.
Have you given up smoking after taking out your policy? If you smoked at inception of the policy you would have been placed on smokers rates - these can be 30% more expensive than the comparable non-smokers policy.
If you are now a non-smoker (this is usually defined as you have not taken any tobacco based products for 12 months) you could cancel your existing policy and take out a new life insurance policy on non-smoker rates.
As your health changed since inception of the policy - you may have experienced health problems when you took out the policy. For example you could have been in recovery from a serious illness or you were under going tests or regular medical check ups.
High blood pressure and heart problems may have resulted in your policy being loaded (the premium increased from the original quoted price) - You could now be in position of good health and it may have been many years since you experienced any symptoms.
Most insurance specialists will review your polices 'pro bono' so take advantage and contact your local adviser today if your circumstances have changed since the inception of your insurance plans.