Family: Husband, two grown children and three grandchildren
Health Status: Good health
Goals: Lifetime protection with only one premium
Wendy recently retired. Her kids have their own homes, so she and her husband Jerry do not need a whole house to themselves. They decided to downsize and move into a townhouse where they will not have to manage the yard or shovel the snow. The sale of their home allowed for the purchase of the townhouse with some money left over. Ideally, they would want to leave a legacy for their children and grandchildren. After talking it over, they decided that they would save a portion of the sale proceeds for an emergency fund and use the rest to purchase a Single Premium Whole Life Insurance policy.
Family: Wife, one grown child and one grandchild
Health Status: Average health
Goals: Provide protection for their grandchild
Robert and Eileen recently retired and are loving every minute of it. They babysit their only grandchild, Luke, during the week while mom and dad are at work.
Robert and Eileen wanted to ensure Luke was protected no matter what. They decided to meet with their Catholic Financial Life Advisor to discuss their options. They selected a Single Premium Whole Life Insurance Policy for this little one that will provide a lifetime of protection for one single premium payment.