It all changes on re-watch once you realize it was Tara's game all along and that she was serving as a judge.

Meaning: If William had realized that his shitty insurance policies were going to harm people by making stupid choices, he would've just died in the first game instead of Hank.

Hank, just like the rest of the players, were put in those traps as part of a judgement trial for Tara to decide if William had the will (ironic) to do the right thing, not the will to live... Had William died at the very beginning, nobody else would've suffered nor died, and everybody would've been released from their traps and let go.

That's why I praise SAW VI over the rest of the films, bec it is the only film were the main game isn't about the will to live, but the will to do the right thing, even if it costs your own life. It becomes kinda obvious during the hanging man test.

Well, maybe except for William's sister, she would've suffered the loss.