By Karen Caffarini, Life Quotes, Inc.

As you compile your New Year’s resolutions in the coming weeks, you may want to add life insurance to your list, especially if you’ve had a major change in your life or have actually fulfilled one of those perennial resolutions and have lost weight, quit smoking or adopted a healthier lifestyle.

“The New Year is a perfect time to meet with your insurance agent or financial adviser,” says Dr. Robert Pokorski, chief medical strategist with Hartford Life. “A policy review can be very useful, both for identifying your family’s current needs and learning about new products. You may also find that purchasing additional insurance is more affordable than you thought.”

In addition to insurance-related New Year’s resolutions, the Mint.com financial website gives people a list of the top 10 financial resolutions they really can keep into the new year.

Following are some scenarios where it could be beneficial to make obtaining or reviewing your life insurance policy your No. 1 resolution.

• Young and uninsured. Beth Hirschhorn, senior vice president and chief marketing officer for Metlife, says a healthy 35-year-old can pay as little as $30 a month for $500,000 of term coverage. “Since life insurance does get more expensive as you get older, it may make sense to buy as much coverage as you need while you’re young and healthy,” Hirschhorn says.

• Lost your job. Many people who lost their job lost their only source of life insurance with it.
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