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Beneficiary designations on retirement accounts and life insurance policies are often overlooked when there has been a life change. Itamp;#39;s a good idea to take a look at your IRAs, 401ks, and life insurance policies periodically. Especially if youamp;#39;ve experienced a major change in your life due to marriage, divorce, the birth or adoption of a child, or death of a spouse. Youamp;#39;ll want to remember to consider whether any changes need to be made to your beneficiary designations when the life-changing event occurs. Itamp;#39;s also a good time to review your will as these events as well as changes to federal and state estate tax laws could have an impact on the will too.