CFL Spring 2022
Meet Juan Juan and his wife Kathy have been married for three years. They recently welcomed their one-year-old son, Tom, into the world. To ensure his family was protected, he knew he needed to purchase life insurance. Keeping his family in a great home and making sure they could replace his income were Juan’s top priorities but he also wanted to make sure there was a death benefit regardless of when he passed away. With welcoming a newborn into the world, Juan had a limited budget to work with. As he researched di ff erent products, he understood the importance of Term Life Insurance for larger coverage but was worried about spending too much on Term Life Insurance that only provided coverage for a certain amount of time. Term Life Insurance for covering large, temporary needs and the importance of Whole Life Insurance for covering permanent needs. His Advisor mentioned the benefits of combining Value Life Insurance with a Term Rider for additional protection. After Juan reviewed the numbers of an individual Term Life Insurance plan or a Value Life Insurance plan with a Term Rider, it made more sense to apply for the combination plan. Juan shared this information with his Catholic Financial Life Advisor. His Advisor discussed the benefits of
Juan’s Background Age: 33 Income: $55,000 Family: Wife and one-year-old child Health Status: Average health Goals: Ensure his family is protected and has enough money if he passes away
Contact your Advisor to learn more about Value Life Insurance or email email@example.com.
15-0030-3/22 Catholic Financial Life is headquartered in Milwaukee, Wis. Products and services are not available in all states.
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SPRING 2022 CATHOLIC FINANCIAL LIFE 7
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