Search results
Sep 20, 2024 · Catholic Financial Life’s social impact in 2023 amounted to nearly $1.6 million raised, matched and donated to fulfill its charitable purpose. And more than 78,500 hours were volunteered with an economic value of $2.5 million. Serving others and giving generously is part of its DNA — it’s who they are. Providing Financial Security.
Sep 17, 2023 · The purpose of Catholic life insurance was not just to provide financial security but also to promote the spiritual well-being of its members. It was seen as a way to truly live out the principles of Catholicism by caring for one another in times of vulnerability. As Catholic life insurance grew in popularity, it became an integral part of the ...
- 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...
Jan 10, 2024 · Understanding Catholic Life Insurance: What You Need to Know. Life insurance is an important aspect of financial planning for many individuals, and for Catholics, there is an option to choose a policy that aligns with their faith. Catholic life insurance is offered by organizations that operate according to the teachings of the Catholic Church ...
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. It is less expensive over the life of a certificate.
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. You agree to pay premiums, and we agree to provide you with insurance coverage upon your death. Think of it as a subscription service ...
From life insurance to retirement planning, education savings and more, Catholic Financial Life, a Trusted Fraternal Life brand, has been helping individuals protect their financial lives for more than 155 years. With assets of $1.7 billion and more than 117,000 members across the United States, our strength comes from being a different kind of ...
