Fifteen minutes a year is enough to make sure the policy does exactly what it was taken out to do. This checklist is the checkable version of the anniversary routine – the explanations are in the anniversary article.
In brief:
- Six points: the indexation decision, the sum, the beneficiary, details, premium payments, the folder.
- The natural moment is the anniversary — the insurer's letter is the starting point.
- After a major life change, there is no need to wait for the anniversary.
The six points
- The anniversary letter has been reviewed the current sum and premium noted
- The indexation decision has been made a response has been sent to the indexation offer – considered, not automatic
- The sum has been checked against reality against today's local cost of a farewell – whether an adjustment is needed
- The beneficiary has been checked living, reachable, current – and aware of their role
- Details have been updated address, phone, email, account number – with the insurer too
- Premium payment is in order the premiums are being paid, and the frequency and method are still convenient
Five more minutes, if you feel like it
- The family folder has been reviewed whether the details in the template are still current
- The wish list is up to date if intentions have changed, update it accordingly
- A sentence for the family "everything is fine, everything is where it was last year" – that's enough
When should you go beyond the checklist?
If you get stuck on any point – the sum has fallen meaningfully behind, the beneficiary needs updating, the premium has become difficult – that is no longer a checklist matter but a conversation: amendment, premium difficulty, or a policy review. For my clients who let me know before the renewal date, I carry out the review – but this list is still useful even then: everyone arrives at the conversation prepared.
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This article is for general information only and does not constitute an offer or insurance advice. The precise content of insurance policies is determined by the insurers’ terms and conditions in force at any given time.
