Fall 2020 Member Magazine

CONGRATULATIONS!

ACCORDING TO LIFE HAPPENS,

Owning life insurance from Catholic Financial Life is financially responsible. Planning ahead and having adequate life insurance can help guarantee your family’s financial future during these uncertain times.

65% OF PEOPLE AGREE THAT THEY COULD BE DOING MORE TO PREPARE FOR THEIR FAMILY’S FINANCIAL FUTURE.

RECENT STUDIES INDICATE 7 OUT OF 10 HOUSEHOLDS WITH LIFE INSURANCE ARE ONLY ABLE TO REPLACE 3½ YEARS OF LOST INCOME IF A BREADWINNER OF THE HOUSEHOLD DIES. Do you think you could be doing more? Does your family need more financial protection? Contact your Catholic Financial Life Advisor today! Or contact a member of our Sales Support Team at 1-888-927-2547, option 3 OR via email at sales@catholicfinanciallife.org.

How much life insurance is the right amount? How do you know if you’re adequately insured?

Review the following items to estimate the right amount of coverage:

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.

$ 15-0057-9/20 Catholic Financial Life, headquartered in Milwaukee, Wis. Products and services not available in all states. = TOTAL + + + $ $ $ $

8 CATHOLIC FINANCIAL LIFE FALL 2020

To sign up for the e-version of the magazine, visit cfl.org/radiantlife