Life insurance can offer peace of mind, if you get the right policy at the right price.

When John and Angela Capurso got married 30 years ago, one of the first things they did was buy life insurance.

"We got enough insurance on each of us so if one of us wasn't there or wasn't a wage earner anymore, we could pretty much continue on the way we had been in terms of our finances," John Capurso said.

He didn't give much thought to their policies after they were purchased.

"We know the death benefit and we know how much we're paying each month, but other than that, we really don't know the details," he said.

Richard Newman, Manager of  MyLifeAudit in Boca Raton, Fla., said knowing the details makes all the difference.

"Life insurance is a financial asset. it doesn't need to be monitored like your investment portfolio should be, on a quarterly basis, but on the other hand, it's not something that's put aside and never looked at again," he said.

Newman's company reviews insurance contracts at no cost to see if clients are getting what they're paying for and paying a fair price.

In the case of the Capurso's, he discovered one of their life insurance contracts would lapse if they didn't pay double their current premium and also discovered that one of Angela Capurso's policies had her listed as a smoker, even though she'd quit years ago.

"In reality, by reviewing existing contracts, we were a able to reduced her out-of-pocket costs by $100 - $1500," said Capurso.

At the end of their review, the Capurso's saved over $10,000 in costs and moved to policies with better coverage.

"I thought I had peace of mind before but I now realize it really was a false sense of security," said Capurso.

To reach MyLifeAudit call:  855-543-3283.