Which of the following is NOT a reason to adjust beneficiaries on a life insurance policy?

Adjusting beneficiaries on a life insurance policy is a critical action that can reflect personal life changes and ensure that assets are distributed according to the policyholder's current wishes. The correct option indicates a situation that does not inherently warrant a change in beneficiaries.

When changing insurance providers, the ability to transfer or designate beneficiaries often depends on the specific policies or practices of the new provider, not the necessity of changing the beneficiaries themselves. For example, if someone switches providers, they may continue with the same beneficiaries depending on their personal circumstances and the terms of the new policy.

In contrast, life events such as marriage, divorce, or the birth or adoption of a child often represent significant shifts in personal circumstances that may directly impact the decision of who should receive the policy benefits. These occasions frequently prompt individuals to reassess and possibly update their beneficiaries to ensure that their intentions align with their current family dynamics and financial responsibilities.

Therefore, while evaluating one's beneficiaries in the event of life changes is essential, simply changing insurance providers does not require a beneficiary adjustment unless it is part of broader personal circumstances that would necessitate such a change.