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KC Wilson Insurance & Financial Services LLC

1654 The Alameda, Suite 210
San Jose, CA 95126

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Why relying on life insurance from your employer isn’t adequate

Life insurance is one of the most important types of coverage you can have. It is not something anyone likes to think about, but passing away is one of life’s realities. If it happens unexpectedly when you are young, it can be traumatic in a variety of ways. One of them shouldn’t be how your family will survive the loss of your income. At KC Wilson Insurance & Financial Services in San Jose, CA, we offer full-service insurance planning and financial services. 

Life insurance is part of financial planning. For many people, life insurance is not something they know a lot about or think about. Your employer may provide a policy as part of your benefits package. If this is the only life insurance you have, you may be risking your family’s financial future. When was the last time you checked what the dollar amount is on your policy? Have you considered whether it is enough for your family to live on if you are no longer there? 

It is a great thing to have a life insurance policy from your employer, but what if you change employers? Where does that leave you with insurance coverage? Many policies won’t payout for a year or two after they are issued. If you change jobs often, it is a much better and safer plan to buy your own life insurance. Consider what you get from your employer as a nice supplement. When you purchase your own insurance, you have control over the amount and can choose from many different options. 

Life insurance is too important to leave to chance. At KC Wilson Insurance & Financial Services in San Jose, CA, we can help you develop a financial plan for today and the future. Give us a call to make an appointment to discuss your needs.

Why should you buy life insurance early?

Financial experts generally recommend having good saving habits, but insurance experts have a better way of helping you save money–life insurance. Life insurance, whether buying in San Jose, CA or any other area, comes with benefits, especially if you buy it at the right time. KC Wilson Insurance & Financial Services recommends buying life insurance in your 20s or early 30s. Wondering why?  Let’s discuss some of the benefits.

The younger you are, the easier it is to acquire a policy.

When it comes to timing, buying insurance while young is more straightforward than buying when older. Your premiums are lower at a younger age, your health is considered okay, and you have more working years than senior people. That means that your insurance company can invest in your money and get good returns by the time you need it.

The younger you are, the cheaper it becomes

Insurance companies in San Jose, CA are aware that not many young people consider buying life insurance in their youthful years. At this age, the majority of the youth are students still struggling to pay their college debts; others are just settling in their new jobs, while others are starting a new family. All these financial constraints can prevent a young person from buying life insurance.

The younger you are, the healthier you are, hence cheaper rates.

The biggest reason why you should buy insurance at an early age is to make sure you get your policy before you develop a chronic illness. Like any other insurance policy, you never know when something unfortunate will happen. Most chronic diseases and impairments tend to affect older people than young people. If you are found healthy, your life insurance premiums are substantially lower than when older.

Don’t wait till you are too old to buy insurance. The earlier, the better. If you need insurance or financial advice, KC Wilson Insurance & Financial Services is here to answer and provide all the support you need to make informed financial decisions. Try us today!

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