When you consider purchasing a life insurance policy, Hausmann Insurance & Financial Services suggests consulting with a knowledgeable insurance agent about your lifetime financial goals first. Some of the life insurance options available to Charlotte residents can help them build a nest egg while providing a death benefit to their beneficiaries upon their death.<\/p>\n
When your agent consults with you in Waxhaw, NC, they’ll ask a client about their financial goals and current needs for beneficiaries. For instance, a 36-year-old married customer with two children, aged five and six, needs a funeral benefit and a death benefit for their family. They can divide this into three payments or leave one to their spouse. They ask about financial goals to determine how much money they need as a death benefit and, therefore, the face value of the policy. The client may want to make sure there’s plenty of money to:<\/p>\n
Although many single people their age choose term policies, a whole-life policy works better for them. They and their spouse also need to prepare for retirement, so the insurance agent suggests a whole-life policy called a cash-value life insurance policy.<\/p>\n
Four main types of cash-value life insurance policies exist, each providing two components. First, a cash-value life policy includes a death benefit and, second, a money market or savings account. The four most common types of these policies include:<\/p>\n
Each varies on the method of accruing interest or growing the money market account. For example, an indexed policy earns at a commensurate rate like the Standard & Poor’s 500, NASDAQ-100, or other stock market index the insurer selects. The money market account grows over time since a portion of each month’s insurance premiums goes into it. The policyholder can borrow against the account once it vests.<\/p>\n
Let Hausmann Insurance & Financial Services help you plan for retirement and death. Whether you live in Charlotte or Waxhaw, NC, we can help you purchase the ideal life insurance policy for your situation.<\/p>\n","protected":false},"excerpt":{"rendered":"
When you consider purchasing a life insurance policy, Hausmann Insurance & Financial Services suggests consulting with a knowledgeable insurance agent about your lifetime financial goals first. Some of the life insurance options available to Charlotte residents can help them build a nest egg while providing a death benefit to their beneficiaries upon their death. An […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[12,11,13],"class_list":["post-112","post","type-post","status-publish","format-standard","hentry","category-life-insurance","tag-charlotte","tag-hausmann-insurance-financial-services","tag-waxhaw-nc"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t