Catholic Financial Life Blog

Special Member Benefits Just For YOU!

Posted by Catholic Financial Life

Feb 23, 2018 10:00:55 AM

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Did you know that as a member of Catholic Financial Life, you are eligible to apply for a number of special value-added benefits that can enhance your membership? These benefits are one component of membership that differentiates Catholic Financial Life from commercial and mutual life insurance companies.

Educational Benefits:

  • Scholarships – Last year, we awarded nearly $300,000 in scholarships to our members! This is one of our most popular member benefits, and are offered to students from elementary school through college.

Financial Benefits:

  • Member Rewards Program – Looking to save money at your favorite stores? Members may receive savings of up to 70 percent at hundreds of national and local merchants, such as Costco, Disney, Verizon Wireless, Starbucks, and Target! Last year, members saved nearly $75,000!
  • Additional benefits include estate planning, childhood cancer benefit, special needs benefit, and family protection.

Wellness Benefits:

  • Family Care Suite – We offer a hospitality apartment for members or members’ families hospitalized in the Milwaukee area. A home away from home, the suite is available at no cost, subject to availability.
  • Prescription Savings Program – Members and their families can receive prescription savings on name brand and generic medications, vision and hearing care, diabetes care and supplies, and daily living products.

Spiritual Benefits:

  • Camp – Do your kids enjoy going to summer camp? Members are eligible for up to $100 toward the cost of attending a Catholic summer camp.
  • Retreat – Retreats can be times of discover, prayer and spiritual growth. Members are eligible for $100 annually toward the cost of a Catholic retreat.
  • Sacramental – Are you celebrating your child’s First Communion? The sacraments of Baptism, First Communion and Matrimony are recognized with a commemorative gift. In addition, confirmands are eligible for $100 toward the cost of a confirmation retreat and seminarians are also eligible for scholarships.

 

For full eligibility requirements, to apply for any of these benefits or to request more information, contact us at 800-927-2547 or visit www.catholicfinanciallife.org/benefits

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Topics: Catholic Financial Life, Family

Tips on How to Save Money This Holiday Season

Posted by Catholic Financial Life

Nov 30, 2017 12:25:29 PM

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Christmas is quickly approaching! From gift giving to party throwing to traveling, the holidays can get expensive. Here are some tips to help make the most of your time and money this holiday season!

Make a list and check it twice – I’m sure many of us have gone grocery shopping without a list and felt the desire to buy all the snacks you see around you. Christmas shopping without a list can be a similar experience. Make a list of all the gifts you need to buy and do your best to stick to it.

Decide on a budget – Set a spending limit per person or draw names so your family and friends buy for one person. Include everything from wrapping paper to postage to mail your Christmas cards in this budget to make sure you’re realistic about the amount of money you need to spend.

Start early – Don’t procrastinate and wait until Christmas Eve to start buying your gifts. Keep your eyes open all year round for items your family and friends would enjoy.

Track your spending – It’s easy to get lost in the hustle and bustle of the holidays if you don’t track your spending. Check out some of the free apps available to help track and budget your spending.

Cut back on extras – We all spend a little more than we should during the holidays but we have to make sure we don’t get carried away. Consider going out to eat less this next month or buying one less thing for yourself to save some money to put towards your gifts.

Christmas is not the only time of year you should be making a budget and tracking your spending. Consider making a budget using one of our financial calculators - https://www.catholicfinanciallife.org/FinancialPlanning/financialcalculators/Financial-Tools-and-Calculators1.htm

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Topics: Catholic Financial Life, Gift

Give Back Video Contest

Posted by Catholic Financial Life

Oct 31, 2017 9:50:56 AM

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Want to win up to $5,000 cash for your school? To celebrate 150 years of protecting families and supporting Catholic Schools, Catholic Financial Life will be holding another Give Back Video Contest! Last year, more than 25 schools from across the country participated in our contest. We are hopeful that the 2018 participation will be even better.

In John’s Gospel, Jesus tells the Apostles, “I give you a new commandment: Love one another. As I have loved you, so you also should love one another. This is how all will know that you are my disciples, if you have love for one another.” (John 13:34-35).

We are inviting Catholic schools to submit a 2-3 minute video showcasing “How your school forms students to become disciples who live out this challenge from Jesus.”

To learn more about this contest and how to submit your school’s video, click on the contest tab on the left-hand side of our Facebook Page or visit https://give-back-catholic-schools-week.strutta.me/

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Topics: Catholic Financial Life, Education, Catholic Values in Action

Among 2017 'Top Workplaces' in southeastern Wisconsin for fourth consecutive year

Posted by Catholic Financial Life

Apr 28, 2017 1:56:09 PM

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For the fourth year in a row, Catholic Financial Life was named one of the Top Workplaces” in southeastern Wisconsin. Within the “Top Small Workplaces” category, the organization was recognized for providing meaningful and rewarding work experiences to its associates.

Catholic Financial Life achieved exemplary results again on the Top Workplace survey:

   •   Scoring above the benchmark in every category.

   •   Catholic Financial Life scored the highest in the connection category – a full 12 percent above
       the industry benchmark! This means associates feel well-informed, genuinely appreciated
       and a part of something meaningful.

   •   In the alignment category, Catholic Financial Life also earned a near perfect score – 10 percent
       above the industry average. This rating reflects associate’s beliefs that the organization is      
       going in the right direction and operating by strong values and ethics.

   •   Catholic Financial Life improved in nearly all of the survey categories since last year, and even
       the “lowest” scores were at the highest end of the spectrum.

Catholic Financial Life associates make the culture of the organization both positive and welcoming. A special thank you goes to all associates who make Catholic Financial Life an enriching and enjoyable place to work!

Are you interested in a career at Catholic Financial Life? If so, visit: join.catholicfinanciallife.org/success.

 

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Topics: Catholic Financial Life

Catholic Financial Life is among 2016 'Top Workplaces' in southeastern Wisconsin

Posted by Catholic Financial Life

Apr 24, 2016 6:00:00 AM

For the third year in a row, Catholic Financial Life has been named one of the “Top Workplaces” in southeastern Wisconsin. Falling under the “Top Small Workplaces Category,” our organization was recognized for providing meaningful and rewarding work experiences to our employees.

WorkplaceDynamics, LLC of Exton, Pennsylvania, a company that works to improve organizations’ “organizational health,” surveyed Catholic Financial Life employees and compared our results to 23 other similarly-sized American life insurance/annuity/retirement investment companies.

TWP_Milwaukee_2016.jpgCatholic Financial Life performed outstandingly on this survey, making this year the most successful yet. Here’s a summary of our results:

  • We scored 5 percent higher than the overall industry benchmark.

  • That’s a 3 percent improvement from last year.

  • The category that we scored the highest in: connection. (We are a full 12 percent above the industry benchmark in this one!) This means that our associates feel well informed and a part of something meaningful.

The other categories employees were surveyed on are alignment, my work, execution, my pay and benefits, and my manager. Catholic Financial Life improved in nearly all of these since last year, and even our “lowest” scores are at the highest end of the spectrum. Alignment was another strong category; this means that we believe our organization is going in the right direction and operating by strong values and ethics.

We were fortunate to receive over 150 comments from our employees with compliments and suggestions for improvements. Here are some main topics these comments covered:

  • Shared importance of helping our members with their financial security
  • Caring and respectful coworkers
  • Our ability to make an impact
  • Focus on technology enhancements
  • Open communication among all associates
  • Offering meaningful training opportunities to associates

Our associates really make the culture of our organization a positive and welcoming one. A special thank you goes to all of our employees who make Catholic Financial Life an enriching and enjoyable place to work!

Are you interested in a career at Catholic Financial Life? 

 

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Topics: Catholic Financial Life, Recruiting

Are Your Financial Priorities Out of Sync?

Posted by Catholic Financial Life

Oct 19, 2015 5:30:00 PM

A new house, a shopping spree, the latest smartphone, an island getaway vacation -- sure, these are all fun ways to spend your hard-earned money, but make sure you're getting your priorities straight. In a tragedy, would your cable TV or brand new car protect your family's financial future?

Millenials and Gen Xers believe that it's more important to pay for things like internet and cable, vacations, shopping and eating out, and new cars, homes, and boats than to purchase life insurance, according to a 2015 study from Life Happens and LIMRA (Life Insurance Marketing and Research Association).

Of course, many people of these generations also recognize the importance of setting aside money for things like college savings funds, mortgage and groceries, paying off debt, and retirement, the study showed.

However, one vital piece of this financial puzzle is missing. What if you or your spouse passed away, or suffered a severe injury and could no longer work? How soon would you feel the impact of this loss? The income you rely on for all of these things -- from your iPhone to your home -- would disappear. Unless you make life insurance your top financial priority.

Don't let the cost of life insurance scare you away. In fact, most people are unaware just how affordable life insurance really is. And when you need them, the benefits will greatly outweight the costs.

Contact a Catholic Financial Life advisor today to learn how you can make a life insurance plan or more life insurance coverage the most essential part of your family's financial future.

out_of_syncContact an advisor about our your retirement options

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Topics: Catholic Financial Life, Parenting, Financial Literacy, Family, Life Insurance, Financial Security

Choosing the right type of life insurance:
#3. Universal

Posted by Catholic Financial Life

Sep 28, 2015 4:30:00 PM

For Life Insurance Awareness Month 2015, this three-part blog series will provide basic information on the different types of life insurance and help you determine which kind is best for you. When choosing between the different types of life insurance, always make sure that you are purchasing enough for you, your family, and your future.

 #3. Universal Life Insurance

universal

Universal is somewhat of a mix between term and whole life insurance. If you want more flexibility with your life insurance plan, consider a universal policy.

  • It's flexible. You can pay in level premiums, or you can increase and decrease payments at different times in your life. In addition, you can increase and decrease coverage as your level of need changes.
  • With universal, you must review your policy often because of changes that can happen based on interest, loans, or withdrawals.
  • If you take the time to set up your universal policy properly, your death benefit will increase over time. Therefore, you can be proactive in avoiding possible insurability problems in the future.

 

Did you miss our first two posts of the series? Check out #1. Term Life Insurance and #2. Whole Life Insurance.

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Topics: Catholic Financial Life, Financial Literacy, Life Insurance

The Importance of Life Insurance at Every Stage

Posted by Catholic Financial Life

Sep 27, 2015 10:25:00 AM

 A multi-generational family enjoys the benefits of life insurance.

Through all of life's milestones, with every major financial decision, a life insurance policy from Catholic Financial Life is important. If you’re 18 or 81, read to find out why you need life insurance today. 

Children

When you buy a life insurance policy for your newborn infant, you lock in the lowest-possible payment rate, ensuring the best for your child’s future. As your children grow and attend school, you must own a life insurance policy for them for them to be eligible for our scholarships and other educational benefits.

Young adults

It’s no secret that college graduates these days have more debt than ever before. Catholic Financial Life can help you make a financial plan to make the process off paying off these loans as easy as possible. At a young age, life insurance is very affordable and lays the foundation for a life of smart financial decisions.

New families

Newlyweds should purchase a life insurance policy to make sure that in the case of the death of a spouse, the surviving spouse does not have to deal with the burden of paying off bills. When baby makes three, Catholic Financial Life’s policies help new parents protect their income and begin funding their child’s college education. In other important milestones in the life of a new family, such as buying a home, Catholic Financial Life assists in paying off a mortgage and any other debts.

Middle-aged adults

The life insurance you bought as a young adult or newlywed may need sprucing up. Make sure you still have enough and the right kind of coverage. For business owners, a life insurance policy provides the funds necessary to keep your business running even after you die. If you find yourself unemployed at any point in your life, your old employer may have been your life insurance supplier. In that case, you need to purchase a new plan.

Senior Citizens

Make sure you have a life insurance policy to assist with the loss of pension and Social Security. Your coverage will also help your loved ones with your burial and funeral expenses. Charitable people, investing in life insurance now will allow you to leave a generous donation to a church, school, or organization when you pass away. In a similar way, the wealthy can benefit from financial membership with Catholic Financial Life because we can help you pass on your estate efficiently, avoiding large tax payments.

Contact an advisor about our your retirement options

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Topics: Catholic Financial Life, Parenting, Financial Literacy, Family, Life Insurance, Graduate, Financial Security, College

How to Start a Conversation that Matters

Posted by Catholic Financial Life

Sep 25, 2015 4:30:00 PM

It’s September, the start of a new school year. Before you know it, your college graduate will head out into the real world to make a difference. It’s never easy for a parent to see a child become more and more independent, only praying that they are ready to be on their own and face the challenges that lay ahead.

Do you have a graduate, a soon-to-be graduate, or recently-graduated graduate? You've probably already had the serious conversations about what their plans are for after graduation and securing a job. But have you talked about life insurance?

Starting a discussion about life insurance is never easy because it involves something we don’t want to talk about—death. What would happen if we suddenly left behind those we love the most? Life insurance isn’t going to benefit you in your lifetime, but it will protect your family in the event of your passing, with you knowing that they will be financially supported even in your absence. ThinkstockPhotos-dv1850043

A recent study revealed that many parents would rather have a discussion with their children about basically anything else—drugs, alcohol, religion, politics, and other taboo topics. But why? Thinking about our own mortality is unsettling, and no one enjoys talking about it, especially with their children. But it’s important for young adults to understand and appreciate the value of financial protection for their future family in the face of an unforeseen life event.

So how do you bring up the topic of life insurance to your loved ones, especially with your matured children?

Here are 3 easy steps to get started:

1. Discuss goals. What would your child like to do with their lives? Do they want a family? What is their dream job? Would they like to buy a house?

2. Now talk finances. How will your child pay for their future? For their travels? For their family? Does their job salary support these?

3. Finally, talk about yourself. Explain why you have your life insurance policy and why you chose it.

Talking about goals and objectives can help frame the conversation around finances and long-term financial planning. This in turn can lead to a dialogue about the importance of having life insurance, especially when it comes to potential parenthood and having dependent children.

Our $250,000 Term  Life protection costs only $20 a month*...so life insurance really is affordable on an entry-level salary.

But can you really put a price on peace of mind?

Contact an advisor about our your retirement options

*For a healthy 30 year old male.

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Topics: Catholic Financial Life, Parenting, Financial Literacy, Education, Family, Life Insurance, Graduate, Financial Security, College

5 Life Insurance Tools to Help Determine Your Financial Needs

Posted by catholicfinanciallife

Sep 22, 2015 5:00:00 PM

Life insurance has great value to anyone, whether you’re married, single, retired, a growing family, or a small business owner. The proceeds can help with the many financial needs a family may have including:

    • Paying bills

    • Education for children

    • Retirement plan protection

    • Future financial obligations


Knowing if you need life insurance means you need to think of a worst-case scenario, meaning think of what would happen if you died today and how that could affect your family financially. Life insurance helps to ensure that your loved ones are protected and provided for even after you’re gone.

Another point to consider is how much life insurance you need. First you must determine how much money your family will need after your death for immediate expenses, and how much money your family will need to continue their standard living. To help determine these amounts, here are some useful tools.




These tools are just stepping-stones to give you an idea for how much life insurance you may need. It is important to consult with a professional insurance advisor to help determine other factors that need to be considered before you purchase life insurance. Take the time with the life insurance professional to carefully assess your needs and cover all your options before choosing a plan.

Contact a Catholic Financial Life Advisor today for more information about life insurance and determining your financial needs. Click here to find an advisor in your area.

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