As we flip the calendar and start thinking about New Year’s resolutions, most of us focus on the usual suspects: hitting the gym, eating better, or finally cleaning out the garage. But if you’ve followed my blog before—or even if this is your first time here—you know there is one resolution I advocate for above all others.
I can’t stress enough how important this topic is, and that is why I consistently bring it up. As you audit your financial planning resolutions for the new year, it’s worth asking: is your family’s safety net part of your plan?
I’m talking about Life and Disability Insurance.
The Elephant in the Room
Let’s be honest—the topics of life and disability insurance suck! With all the “required” expenses we already have, not to mention the rising costs of health, home, and auto insurance, who wants to think about getting more insurance?
That is a valid concern. You should never engage in any financial venture that is beyond your means. But as you look at your budget for 2026, it's important to differentiate between a "cost" and an "investment" in your family's peace of mind.
The "GoFundMe" Reality
We see it all the time on social media (and you do too). When someone passes away or gets sick unexpectedly, a GoFundMe is set up to help. While community support is great, it’s a stressful and uncertain way to handle a crisis.
I learned the "easy way" when I joined the military at 17. In Boot Camp, one of the first things they put in front of you is a Servicemen’s Group Life Insurance (SGLI) form. No 50-page applications or medical exams. Just choose your amount, list your beneficiaries, and you're covered.
Life Moves Fast
It is definitely not that easy in the “real world.” Most high schools don’t teach financial literacy, and most 17-year-olds aren't thinking about beneficiaries. Unless you are lucky enough to get a solid employer group policy, you have to look for it on your own.
And the earlier, the better. As Ferris Bueller said, "Life moves pretty fast." Before you know it, you’re in your 30s with a family depending on you. Taking care of those who matter most is a resolution that never goes out of style.
It’s More Accessible Than You Think
Many people avoid this resolution because they assume they can’t afford it. However, when looking at average term life insurance costs, a 25-year-old may find coverage for only about $31 per month. (Source: ValuePenguin.com, July 22, 2025).
What to Consider
Before you check this resolution off your list, keep in mind that several factors affect cost and availability, including your age, health, and the type of insurance you choose. Policies have expenses and potential tax implications if surrendered prematurely. Most importantly, any guarantee is only as strong as the insurance company’s ability to pay claims.
Let’s Make 2026 the Year of Certainty
Insurance can be intimidating, but it doesn’t have to be. I’d love to chat with you about your choices and help you find a strategy for affordable life insurance that fits your budget.
Even if right now isn’t the perfect time to buy, discussing the future is a smart move. Let's make sure your legacy is secure.