Catholic Financial Life Expands its Mission to Florida: A Closer Look at their Unique Offerings

Editorial note :  Dave Happe represents Catholic Financial Life in Pinellas, Pasco and Hillsborough.  Dave is a State certified, licensed expert in annuities and insurance, and was the first ever appointed independent representative for Catholic Financial Life in the State of Florida.  This article is not intended as an advertisement, and is not sponsored by Catholic Financial Life.  It's a public interest story, but we felt it important to point out that Dave is affiliated with the organization.  

Catholic Financial Life, a longstanding fraternal organization dedicated to providing financial security to its members for over 155 years, has recently expanded its reach to the sunny state of Florida. Two years ago, the organization received approval from the Florida Office of Insurance Regulation, marking a significant milestone in their mission to serve individuals and families with a range of financial products.

History of Catholic Financial Life:

Founded in 1868 as the Catholic Knights of Wisconsin, Catholic Financial Life has a rich history deeply rooted in the values of faith, community, and financial well-being. Over the years, the organization has evolved to meet the changing needs of its members, expanding its offerings while remaining committed to its mission of providing ethical, reliable financial services.

Fraternal Organization Model:

Catholic Financial Life operates as a fraternal organization, distinguishing itself from traditional for-profit insurers. As a non-profit, member-owned entity, the organization prioritizes the well-being of its members and the community over maximizing profits. This unique structure allows Catholic Financial Life to reinvest its earnings into maintaining competitive rates, providing valuable benefits, and supporting charitable initiatives.

Comprehensive Financial Products:

Catholic Financial Life offers a range of financial products tailored to meet the diverse needs of its members. The organization's expansion into Florida brings with it access to life insurance, final expense insurance, mortgage protection, and annuities. Let's delve into each of these offerings:

1. Life Insurance: Catholic Financial Life provides various life insurance options, allowing members to choose coverage that suits their individual circumstances. This includes term life insurance for temporary needs and permanent life insurance for long-term financial protection.
2. Final Expense Insurance: Recognizing the importance of easing the financial burden on loved ones during difficult times, Catholic Financial Life offers low cost guaranteed issue final expense insurance. This coverage helps cover funeral and burial expenses, ensuring a dignified farewell.  With zero health questions, people between the ages of 50 - 80 can buy low cost life insurance regardless of health history or current health status.  Catholic Financial Life insures people who may have previously been considered "uninsurable" with low cost policies with benefits up to $25,000.  
3. Mortgage Protection: Homeowners can benefit from the peace of mind offered by Catholic Financial Life's mortgage protection plans. These plans are designed to help members maintain their financial security in the event of unforeseen circumstances such as disability, critical illness, or death.  The interesting part of these specialized insurance policies as the premiums go down over time as your mortgage balance goes down, so the policy actually gets cheaper as the face value decreases.  
4. Annuities: Catholic Financial Life provides members with annuity options, allowing them to create a steady stream of income for retirement. Annuities can serve as a valuable tool in long-term financial planning.

Community Reinvestment:

One of the most distinctive features of Catholic Financial Life is its commitment to community reinvestment. Profits generated by the organization are redirected to benefit its members directly by maintaining competitive rates and offering enhanced benefits. Additionally, a portion of the profits is invested in community initiatives, supporting charitable causes and making a positive impact on society.

Catholic Financial Life's expansion into the State of Florida not only brings a range of financial products to residents but also introduces a unique fraternal model focused on member well-being and community impact. As the organization continues to grow, it remains steadfast in its commitment to providing financial security rooted in faith, community, and responsible financial stewardship.  As long as you share their values, you don't need to be Catholic to take advantage of their low rates.  

For additional information, check out their website at CatholicFinancialLife.org or visit the special landing page that Happe has created for our area at www.catholicflorida.com