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Sep 20, 2024 · CFL provides life insurance products that can fit nearly every budget and protect the financial futures of families in case of unexpected death. In 2023, more than 4,200 new lives were insured and protected with Catholic Financial Life with $275 million of death benefits.
- What Are The Different Types of Life Insurance Policies?
- What Is Term Life Insurance?
- What Is Whole Life Insurance?
- How Does Whole Life Insurance Work?
If you have researched into life insurance, you have probably heard terms like “term life,” “whole life,” “universal life.” At a high level, there are two basic types of life insurance to choose from: Term and Permanent. Term Life Insurance lasts for a fixed period. Permanent Life Insurance also known as “cash-value,” is life insurance with a savin...
Term Life is life insurance in its simplest and purest form. Term Life Insurance offers a low-cost way to provide life insurance protection to those you love. It has one purpose: to help you and your family reach your goals – whether that’s paying off your mortgage, covering college tuition, paying back college loans, supporting your family or inco...
Whole Life Insurance is the most popular type of Permanent or Cash-Value Life Insurance. This includes Catholic Financial Life's (CFL’s): Whole Life, Value Life, Single Premium Whole Life and 20 Pay Life policies. It differs from Term Life Insurance in two major ways: 1. You do not pick a term for your policy – it lasts your whole life. As long as ...
Whole Life Insurance has two components: the death benefit and cash value. The death benefit (a predetermined sum of money) is the life insurance part of the policy. As long as you pay your premiums, your beneficiaries will receive the death benefit when you die. The cash value is the savings part of the policy. When you pay your premiums, a percen...
Life Insurance| Catholic Financial Life. What is Life Insurance and Why Do I Need It? Life insurance is a way for you to provide money to the people you love in the event of your death. At its foundation, it is an agreement between you and a life insurance company, like Catholic Financial Life.
Sep 17, 2023 · Catholic life insurance is a specialized form of life insurance that is offered exclusively to members of the Catholic community. This type of insurance has its own unique features and benefits that cater specifically to the needs and values of Catholic individuals and families.
Jan 10, 2024 · A: Catholic life insurance is a type of life insurance policy that is specifically tailored to align with Catholic beliefs and values. It often includes benefits such as moral investment options and support for Catholic charities.
Aug 6, 2024 · By RobertBass. August 6, 2024. Life insurance is an essential part of financial planning, and for many, faith plays a crucial role in their decision-making. Catholic life insurance offers unique benefits and aligns with the values of the Catholic community.
Whole Life Insurance is our oldest and most popular type of life insurance. It protects you for as long as you live if your premiums are paid. This type of insurance also allows you to build cash values on a tax-deferred basis. There are several advantages to choosing Whole Life.
