There are many benefits to working through Catholic fraternal organizations when purchasing insurance or planning for retirement. Focused on serving Catholic individuals, along with their families and the business they run, these non-profit entities work to combine meeting the needs of their members with giving back to their local communities.
The investment products offered can provide different types of security for the future. Life insurance can give financial stability to families during times of loss. Certain types of annuity investments can offer flexible retirement income with no limits on funding levels and no set age at which you must begin withdrawing funds. Traditional or Roth IRA accounts can provide additional security for retirement depending on a person’s specific circumstances.
Joining the organization may be as easy as purchasing any insurance or annuity product. Proceeds from sales of these financial products may be used to fund volunteer programs that support local communities. Rather than making money for shareholders, profits may be given back to parishes, schools or community groups to fund social and charitable activities.
Insurance and retirement investment products may be available from many sources, but not all investment advisory firms give back to the community in the same way as Catholic fraternal organizations. When you’re looking for more than an insurance policy, and more than a retirement fund, talk to a representative about investment options and membership.