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KC Wilson Insurance & Financial Services LLC

1654 The Alameda, Suite 210
San Jose, CA 95126

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Life Insurance for Beginners

There are many benefits to life insurance and many things to consider. KC Wilson Insurance & Financial Services serving the city of San Jose, CA would like you to know the following:

Purchasing a life insurance policy is considered financial planning. When you purchase a life insurance policy, you are trying to assure the financial security of your dependents. To be neither under nor overinsured, you need to determine your standard of living and what it would cost to maintain that lifestyle after you pass away. At the same time, you need to calculate what you have available within your budget for life insurance.

There are two basic types of life insurance.

  • Term life insurance – this is a life insurance policy for a certain time frame. It expires after a specified number of years or at a particular age. It is only payable if you pass away during that term. They are renewable, but usually, the premiums get more expensive as you age. The premium cannot exceed the guaranteed maximum premium payable. This type of policy pays death benefits with no accumulation of savings. Death benefits are monies payable to a spouse and dependents after the death of the policyholder.
  • Cash value life insurance – this type of policy combines cash value accumulation with death benefits. With cash value life insurance, you pay more in the beginning, but you accumulate interest. This type of insurance is usually a life-long investment but does allow you to use the cash value as collateral for loans. There are several variations on this type of policy.

Don’t delay, contact KC Wilson Insurance & Financial Services serving the city of San Jose, CA today! Make plans for the long term to ensure the financial stability of your loved ones.

Our Partners:

  • Allianz
  • AmTrust
  • ASI
  • Chubb
  • CNA
  • CSE
  • Encompass
  • First American
  • Foremost
  • Great American
  • Guard
  • Hagerty
  • Hanover
  • Hartford
  • Hartford AARP
  • Kemper Preferred
  • Liberty Mutual
  • Mapfre
  • Markel
  • Mercury
  • MetLife