Since the establishment of Life Insurance Month in 2004, September has become a key time in highlighting the importance of life insurance and how it can provide financial stability to your family in unexpected circumstances.
Proper planning enables you to choose the right policy for your financial goals and family needs. Investing in life insurance when you are young and healthy is the most cost effective option, as it provides affordable coverage with extensive benefits.
If you already have life insurance, it is important to do a yearly review of your policy. Financial needs change over time as big life events happen, such as marriage or the birth of a child. A yearly review ensures that policy is still right for you and your family.
Life insurance is also an effective way of to extend your charitable giving. By naming The Catholic Foundation or any diocesan parish, school, or ministry in your life insurance, you can make an impactful gift at no cost and create a legacy of philanthropy.
While there is ample information online, nothing beats the advice of an expert. Our Planned Giving Advisory Council has insurance professionals ready to help you with your financial needs and philanthropic goals. Many of our PGAC members offer a free one-hour consultation, click here to learn more about our Planned Giving Advisory Council.
This month, consider how life insurance can protect your loved ones and enhance your financial stability. The Catholic Foundation of Central Florida has many online and in-person resources to help you plan your legacy. Visit our website to learn more about our services.