I'm putting on my Life Insurance Broker hat for this post.

Do you know why most people don't get life insurance? Maybe because it's not a requirement by law or people think it's "money they’ll never see" (a misguided notion). While car, homeowners, business, and medical insurance are mandated by the government, these policies cover loss and do not yield profits. Now, consider this: why doesn't the government mandate life insurance when it can eliminate debts, secure your family's financial future, and provide a tax-free Death Benefit? The government refrains from making it compulsory because it's not favorable for them. (Mind-blowing, isn't it?)

Over four years ago, I lost my father to a massive heart attack. I cherish his wise words, especially these three:

1. "Be original. If everyone has it, don't get it. If they don't have it, get it."

2. "Be better than me. Ensure your son surpasses you."

3. "We can all be worth more dead than alive. Just make sure that if you find yourself in worthlessness, those you leave behind aren't burdened for it."

I witnessed the impact of a life insurance policy on my family after my father's passing. As a Navy veteran who wanted a mausoleum interment, his funeral expenses fell to my brother and me due to delays in producing his death certificate. This experience highlighted the importance of being prepared for the financial implications of death, often overlooked or underestimated by many. Too often, people disregard the necessity of life insurance, only to rely on crowdfunding later when faced with unexpected costs.

Two certainties in life are that you'll pay taxes and, inevitably, you'll pass away. When the latter occurs, your financial obligations must be settled. Leaving your debts unresolved burdens your loved ones, who, by law, assume responsibility for them. If you have dependents or anyone counting on you for financial security, consider this a wake-up call.

My father's funeral cost over $11,000, a modest sum in this context. Fortunately, his life insurance policy not only reimbursed us but also enabled my mother to clear her mortgage, retire comfortably, and enjoy a lavish lifestyle. By prudently managing the Death Benefit, she transformed transient wealth into a lasting legacy, sustaining her newfound prosperity through prudent investments.

Dad's foresight paved the way for our family's financial stability. Rather than passively adhering to obligatory insurances, seize control with a life insurance policy. Act responsibly, strategically, and with the future of your loved ones in mind.