CFL Annual 2019 CFL
Greetings! I hope that this letter finds you well and pray that you and your family are safe and healthy. During times like these, it is important that you have a strong financial partner. I am pleased to report that Catholic Financial Life finished 2019 with record levels of surplus and total adjusted capital. Regardless of what happens in the national or global economy, we have the financial resources to weather this storm and fulfill the promises that we made to you, our members.
In addition, we have a very high-quality, conservative investment portfolio externally managed by professional investment advisors. Over 90 percent of our assets are in investment grade quality bonds, and less than one percent of our assets are in the stock market.
You should also know that our financial strength has been independently evaluated by the rating agency, KBRA. They reaffirmed our A- financial strength rating and provided a stable outlook.
This global pandemic has illustrated the value of life insurance in protecting your loved ones. It further highlights the need to have insurance not dependent on your employment as millions of people have lost their jobs and, with them, their company-sponsored life insurance. So, I encourage you to talk with your family, friends and a Catholic Financial Life advisor about the importance of buying life insurance now. This crisis has changed many things in our lives. And yet, we take comfort from our faith which gives us confidence to persevere and trust that better days are coming … “Be not afraid.” Know that as members of Catholic Financial Life, we are always with you!
William R. O’Toole President & CEO
P.S. Together … hundreds of members, associates, advisors, volunteer chapter leaders, the Board of Directors and friends of Catholic Financial Life donated to our Love One Another Campaign . Because of you, over $116,000 is helping people on the front lines of this pandemic. Thank you for your generosity and making a difference in your local communities.
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