CFL Annual 2020

Our cell phones, cars and homes are important to us, which is why we insure them. If the screen on your phone breaks, you have insurance to get a new one. If you are in a car accident, you have insurance to fix the damage. We take extra steps to insure our belongings, so why not take the time to insure our lives and the financial futures of those who depend on us? According to Life Happens, if the household’s wage earner died unexpectedly, 42 percent of Americans would face financial hardship within six months. No one wants to face financial hardship during an already tough time. Although the topic of life insurance is not as fun to talk about like our phones or cars, it’s something that needs to be discussed with your loved ones to make sure adequate coverage is in place. *

Some of you may think well, how much life insurance do I need? Or how do I know if I am adequately insured?

Guess what? We are here to help you figure that out. Fill in the worksheet below to estimate the right amount of coverage. Then contact your Catholic Financial Life Advisor or a member of our Sales Support Team today at (888) 927-2547, option 3 OR via email at sales@catholicfinanciallife.org.

Review the following items to estimate the right amount of coverage: How much life insurance is the right amount? How do you know if you’re adequately insured?

DEBT AND FINAL EXPENSES Calculate your debt, other than your mortgage, and estimate your funeral expenses. This includes credit cards, student loans and business loans.

INCOME If something were to happen to you, how would your family replace the lost income? Income replacement calculates just that. Multiply your current income by the number of years you expect to work.

MORTGAGE Review your most current mortgage statement to know what would be needed to pay off your mortgage.

EDUCATION Estimate the cost of your child’s education.

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15-0031-6/21 Catholic Financial Life is headquartered in Milwaukee, Wis. Products and services are not available in all states. *This information is provided by Life Happens.

LIVING OUR MISSION (27)