What is "Catholic" Life Insurance? I get this question all of the time.
Catholic life insurance consists of life insurance policies that have been blessed by a priest, bishop, or even the Pope. They come with special dispensation and a plenary indulgence.
When I refer to Catholic life insurance or myself as a Catholic Life Insurance Agent I mean that these policies are issued by Insurance Companies that adhere and uphold the teachings of the Catholic Church.
Many of these companies, mine included, are Fraternal Life Insurance Companies or Fraternal Benefit Societies. Unlike Stock Life Insurance Companies, they are not beholding to the investors. There's no bent toward the bottom line with an "ends justifies the means" mentality.
Similar to Mutual Insurance companies, Fraternals are "owned" by the policy holders. Unlike Mutual Insurance Companies, Fraternal companies are not-for-profit organizations that use gains to help better the communities in which policy holders reside. Fraternal insurance companies also offer many perks for policyholders, their families and their parish (if Catholic). These would include but not be limited to educational scholarships, orphan benefits, social service opportunities, spiritual growth events, church loans, charitable riders for policies, emergency fundraising efforts, and more.
Don't let the word Fraternal fool you, many, though not all, Fraternal Insurance Companies, mine included, have women policy holders, agents, and CEOs.
Another "Catholic" aspect is investments. Having a policy with a Catholic Life Insurance company means that you don't need to be concerned with how or where the company is investing your premiums or how it is attaining your dividends. These companies invest with the teachings of the Magesterium in mind. There's no investing in companies that perform abortions, manufacture chemical birth control, or pornography. All of the investments are carefully screened and that's a great relief for many of us.
If you'd like to know where your current insurance company is putting its money, check out 2nd Vote.So, if you are Catholic and want your insurance to protect your family while helping the Church and the greater community, Catholic Life insurance companies are a great choice. Many of them have ratings as high or higher than some of the biggest companies and with some being around for over 130 years, their track record speaks for itself.
Contact me today to start a conversation about your financial goals and objectives and how a Catholic perspective might help with that plan.
Let's start a conversation about insuring your love and supporting your Catholic community!
Phone: 740-324-0702
Email: hahnjamesm@gmail.com
"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."
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