How Much Will You Earn in Your Lifetime? Many people underestimate their lifetime earning potential when selecting life insurance. For example, a 30-year-old couple with a combined income of $150,000 per year—assuming no raises—will earn $5.25 million by age 65. How much will you earn in your lifetime? What happens to your family’s financial security if you or your spouse […]Read More An Insurance Plan for Everyone
Financial
Navigating Required Minimum Distributions
Assistant Vice President of Operations
Individual Retirement Arrangements (IRAs) are retirement funds to be used during the IRA Holder’s retirement. As you may be aware, contributions to a Traditional IRA, SEP-IRA, and SIMPLE IRA are generally pre-tax*, meaning the IRA Holder will not be taxed on the contributed amount in the year “for which” the contribution is made. This is intended by Congress and the […]Read More Navigating Required Minimum Distributions
How Safe Are Life Insurance Companies?
SVP/Director of Sales
It’s understandable that there’s concern about the safety of financial institutions, especially with the volatility of the banking industry, as reported in the news. With Catholic Life, rest assured that because of our prudent best practices management, your life insurance and retirement funds are secure. Insurance companies are required by law to set aside a portion of their assets to […]Read More How Safe Are Life Insurance Companies?
Avoid the Rollercoaster
We all remember those days, early in life, when our goals were clear – buy a home, save for an emergency, and protect our families. With retirement years away, we focused on our basic necessities, but soon we were bombarded with advice on growing the amassed savings that became designated as retirement. While there are strategies that offer a quick […]Read More Avoid the Rollercoaster
Time for Your Annual Review
It’s a new year and if you’re like millions out there, you’ve made resolutions to improve many areas of your life. It’s the best time to set goals to save money, and review your financial accounts. An annual review will prepare you for the unexpected ‒ an emergency, long-term illness, or even death. Let’s face it, we’re busier than ever, […]Read More Time for Your Annual Review
A Personal Story on Health & Uncertainty
SVP/Director of Sales
I was 33 years old, and my wife and I were expecting our first child. It was 9 a.m. on a typical Tuesday morning. I was in a business meeting going over our company goals, and out of nowhere, a cold sweat came over me, and my heart began beating very quickly – as if it might beat out of […]Read More A Personal Story on Health & Uncertainty
Keeping Your Money in the Family
SVP/Director of Sales
Do you have any money that you plan on leaving to your family, but concerned about needing it for emergencies such as long-term care or home health care? Consider the case of Dan and Joanne. Dan and Joanne just reached age 65 and had prepared very well for their retirement. Together, their 401k’s and annuities will provide them a good […]Read More Keeping Your Money in the Family
Life Insurance: It’s Less Expensive Than You Think
Written by Dennis Best How high does getting life insurance rank on your list of priorities? If you’re in the majority of Americans who think life insurance is just TOO expensive, it’s probably not very high. But we think it should be. We know that life insurance is extremely important when it comes to protecting your family’s financial future. If something should happen […]Read More Life Insurance: It’s Less Expensive Than You Think
AM Best Affirms Rating
For the 34th consecutive year, A.M. Best Co, a respected insurance industry analyst, has rated Catholic Life Insurance’s financial stability, security and management performance as A- (Excellent) with a stable outlook. They based the rating on a comprehensive quantitative evaluation of the organization’s balance sheet strength, operating performance and business profile. Best considers insurers in the excellent category to have an excellent ability […]Read More AM Best Affirms Rating
Your Privacy is Our Policy
Catholic Life is committed to protecting the confidentiality and security of information we collect about our customers. Federal law requires us to furnish this privacy notice annually explaining how we collect, use and safeguard your personal information. Why Catholic Life Insurance Collects and Uses Information Catholic Life Insurance collects and uses information for business purposes with respect to our insurance […]Read More Your Privacy is Our Policy