What if the life insurance policy you've paid for years quietly expired when you needed it most? This episode explores the differences between term and whole life insurance, why many policies lapse without owners realizing it, and how life insurance can play a broader role in a financial strategy. Jim Williams discusses protecting income versus simply covering expenses, the value of reviewing policies over time, and common misunderstandings about coverage. The conversation also draws parallels to NFL rookies receiving large paychecks, highlighting the importance of avoiding impulsive decisions and creating a written plan for any financial windfall. At the center of it all is a simple idea: every dollar should have a purpose.

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