Spring 2021

2020 TOP PRODUCERSANNUAL STATEMENT OF CONDITION

PATRIOTIC POSTER CONTEST

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Dear Member:

Safe, Strong & Secure

Despite the many challenges that the COVID-19 pandemic brought, Catholic Life Insurance enjoyed another successful year. As an essential business, we remained open and accessible so that we could serve our members. We quickly adapted our operations to comply with local, state, and federal mandates. We deployed 50% of our staff to “work from home” status and distanced those who remained in the office. While many have returned to work in the Home Office, I’m proud to say that our staff never lost a beat. We canceled all in-person meetings. This included Branch meetings, which are the lifeblood of our fraternal operations. We are looking forward to possibly restarting Branch meetings early this summer. In addition, for the first time in our history, we held a virtual convention. The pandemic made it challenging for our Agents to meet with clients. But with a little ingenuity, they soon found ways to connect. Agents met with clients via the phone, through videoconferencing, and heavily masked in parking lots. Please turn to page 14 to see who led the organization in helping families’ plan for their futures.Overall, we are proud of our 2020 financial results. Please see our Annual Statement of Condition on pages 10 & 11 for more information.

Catholic Schools Sweepstakes

Like most non-profits, the pandemic hit Catholic schools hard. Enrollment fell and fundraising opportunities, such as galas, were canceled. For 66 Texas schools, the Catholic Schools Sweepstakes program was a lifesaver. Despite many students attending class remotely, the Catholic Schools Sweepstakes raised $1.128 million. Best of all, 100% of the funds go directly to the schools. Schools use the monies they raise to provide tuition assistance, to augment teacher salaries, to purchase computer equipment, and much, much more. We invite you to turn to page four for more details. As an organization, we support many ministries throughout the areas where we operate. We are always proud of what we do on our member’s behalf. The Catholic Schools Sweepstakes is a program where we make a significant difference.

In closing, we thank you for allowing us to serve you and your family.

Sincerely,

J. Michael BelzPresident/CEO

BOARD OF DIRECTORS

Michael Stolowski Chair, St. Hedwig, Texas

Charles L. “Chuck” Hughes, Jr., ALMI, ACS Vice Chair, Bulverde, Texas

Felix Skarpa, FIC Secretary, Dayton, Texas

Dennis Matthiesen St. Lawrence, Texas

Robert (Lester) Moczygemba, Sr. Floresville, Texas

Ronnie Kadlacek, CPA Tours, Texas

Jo Ann Shimek, FIC El Campo, Texas

J. Michael Belz, LLIF President/Chief Executive Officer

SPIRITUAL ADVISOR

Most Reverend Michael J. Boulette San Antonio, Texas

HONORARY SPIRITUAL ADVISORS

Most Reverend Gustavo García-Siller San Antonio, Texas

Most Reverend José H. Gomez Los Angeles, California

Rev. Msgr. Larry J. Droll Midland, Texas

EXECUTIVE OFFICERS

J. Michael Belz, LLIF President/Chief Executive Officer

Colleen Z. Berger, CPA, CGMA Senior Vice President/Chief Financial Officer

Scott Brant, FLMI, ACS, AAPA, AIAA Senior Vice President/Information Technology

Barbara A. Cheaney, CSA, FIC Senior Vice President/Marketing-Communications

Frank Gentile, FLMI, ACS, MBA Senior Vice President/Chief Underwriter

John Luksa, CFS, ALMI, ACS Senior Vice President/Director of Sales

Dawn Fanfelle, FLMI, ACS, AIAA, PHR, FIC Vice President/Human Resources & Training

Tricia Michalek, FLMI, ACS, ARA Vice President/Operations

Michael “Chip” Nance, CFA, MBA Vice President/Treasurer

OFFICERS

Joy Burditt Asst Vice President/Operations

Wendy Estess, FLMI Asst Vice President/Accounting Manager

Ramiro Flores, RPA Asst Vice President/Property Manager

Janet Friesenhahn, FIC, CSA, LUTCF Asst Vice President/ Director of Agencies

Patrick Massey FLMI, ACS, ARA Asst Vice President/Programming Manager

Johnny Salazar Asst Vice President/Systems Administrator

Susan M. Skrzycki Asst Vice President/Operations

Shanna Smith, ALMI, ACS Asst Vice President/Executive Assistant/

Corporate Secretary

Peggy von Kaufman, CISP Asst Vice President/Operations

Kristy Skrzycki Asst Vice President/Accounting Manager

MESSAGE FROM THE PRESIDENT

President/CEO – J. Michael Belz

Catholic Life Insurance | 3

Corporate Headquarters: 1635 N.E. Loop 410, San Antonio, Texas 78209 • Mailing Address: P.O. Box 659527, San Antonio, Texas 78265-9527 Phone: (210) 828-9921 • Fax: (210) 828-4629 • Toll Free Number: 1-800-262-CLIUThe Catholic Life Magazine (USPS 094-120) is published quarterly by Catholic Life Insurance, P.O. Box 659527, San Antonio, Texas 78265-9527. Periodical Postage Paid at San Antonio, Texas and additional mailing offices. POSTMASTER: Send all address changes to Catholic Life magazine, P.O. Box 659527, San Antonio, Texas 78265-9527. Editor: Barbara A. Cheaney • Staff Assistants: Megan Real, Amberley Moczygemba, Danna Morgan • Designed and Produced by: Lynn Design

FEATURES

ON THE COVER

IN THE NEWS 4FAITH IN ACTION 13IN THE KITCHEN 19

HELPING CATHOLIC SCHOOLS MAKE THE GRADE 4The 2021 Catholic Schools Sweepstakes program helps Catholic Schools raise much-needed funds.

ANNUAL STATEMENT OF CONDITION 10The Annual Statement of Condition reflects Catholic Life's standing for the year ending December 31, 2020.

OUR TOP PRODUCERS 14 Our Agents spend countless hours each year, helping individuals and families secure their financial futures. Here are the individuals who were our top salespeople in 2020.

Center: President Michael Belz, Senior Vice President Barbara Cheaney and General Agent Jimmy Tirres present the grand prize to Dakotah, Julia and Lyla Jo Vidal of Atonement Catholic Academy in San Antonio. Clockwise from upper left:Houston area Agent Alvin Hollas presents winner Santa Flores from St. Jerome Catholic School in Houston with her $1,000 VISA gift card.Daniel Dennis from Sacred Heart Catholic School in Hallettsville receives his gift card from Agent Wendy Janak and Principal Kevin Haas.General Agent David Walker presents St. Philip and St. Augustine Catholic School in Dallas winner Daniel Martinez with his gift card.General Agent Jimmy Tirres awards St. Paul Catholic School in San Antonio winner Claudia Hernandez her gift card.

DEPARTMENTS

SPRING 2021

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What started 14 years ago to help needy Catholic schools has blossomed into a program that has put nearly $12 million in the schools' treasuries.

"Every week, I would get a letter or a call from another Catholic school in need," said President J. Michael Belz. "We wanted to help them all, but their needs were great, and our funds were limited. We put our heads together, and the solution we came up with was the Catholic Schools Sweepstakes."

Since its beginning 14 years ago, schools from Texas dioceses have taken part in the program. In total, the program has raised more than 11 million dollars.

"Participating schools are only limited by the amount of money they can raise, instead of what we can give them," he said. "The top school this year raised more than $72,000, with the next school in line raising more than $55,000."

Catholic Life provides the prizes, the tickets, and marketing materials while students at participating schools sell tickets at $5 each. The ticket sales begin in the fall and close during Catholic Schools week held the last week of January. In 2021, 66 Catholic Schools from 12 Texas dioceses more than 225,150 tickets to raise more than $1.128 million.

"The schools get 100% of the funds, and they get the money as the tickets are sold," said President Belz. "This lets the school put the money to work right away. Catholic Life earns no money from this program. We do it to support Catholic education."

We drew 67 winners on February 12, 2021, with Dakotah Vidal from The Atonement Academy in San Antonio, as the grand prize winner. He had the choice of a 2021 Ford F150, a 2021 Ford Focus, or a $20,000 Prepaid VISA Credit Card as a prize, but he selected the $20,000 Prepaid VISA Credit Card

Additionally, each of the 66 participating schools had a $1,000 Prepaid VISA Gift Card winner drawn from the tickets they sold.

The schools are very grateful for the program," said program administrator Barbara Cheaney. "They use the funds for a variety of programs, but mostly to enhance operations and to provide tuition assistance."

Our Agents play a vital role in the Catholic School Sweepstakes. They pick up tickets from the schools, provide additional prizes, and educate the schools about Catholic Life Insurance.

"We are extremely pleased with the results of the Sweepstakes. Our goals are to grow the number of schools that participate and the amount of money being raised," added Belz. "It is the right thing for Catholic Life to be doing, particularly in today's economy.

Agent Alvin Hollas presents winner Santa Flores from St. Jerome Catholic School in Houston with her $1,000 VISA gift card.

St. Rose of Lima Catholic School in Schulenburg student Nathan Vacek accepts the gift card on his father’s behalf as Principal Rosanne Gallia and his mother Lezlie Vacek watch.

Agent Fidelis Fetsch presents St. Joseph Catholic Elementary School in Amarillo winner Angi Seidenberger with her gift card.

SWEEPSTAKES PROGRAM APPROACHES

$12 MILLION

And the local winner is...Individuals from each of the 66 participating schools won a $1,000 VISA gift card.

Many Agents, who helped the schools promote the Sweepstakes, presented the prizes.

Catholic Life Magazine | 5

If your Catholic school is interested in participating in the 2022 Sweepstakes, please contact Barbara Cheaney at (210) 828-9921 or email her at branch@cliu.com.

The deadline to sign up for the program is June 14, 2021.

Agents Lynnell Stieber and Richard Vacek pose after presenting Holy Rosary Catholic School in Rosenberg winner Jason Green with his gift card.

General Agent David Walker presents St. Philip and St. Augustine Catholic School in Dallas winner Daniel Martinez with his gift card.

Holy Family Catholic Academy of Irving winner Belinda Carmical gets her gift card from General Agent David Walker.

Daniel Dennis from Sacred Heart Catholic School in Hallettsville receives his gift card from Agent Wendy Janak and Principal Kevin Haas.

General Agent Jimmy Tirres awards St. Paul Catholic School in San Antonio Claudia Hernandez winner her gift card.

Dr. Rene Escobedo of Holy Cross of San Antonio accepts the winning gift card on behalf of the school.

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Vernor Bippert, who won for St. Louis Catholic School in Castroville, joins his daughter Eileen Pelech as General Agent Darrell Labus and District II Director Lester Moczygemba presented his prize.

Roberto Lopez from St. Monica Catholic School in San Antonio receives his gift card from General Agent Jimmy Tirres and the students who sold him the winning ticket!

St. Gregory the Great Catholic School in San Antonio winner Veronica Guardiola picks up her gift card from General Agent Jimmy Tirres.

Incarnate Word High School Winner Teresa Aguilar accepts her gift card from

General Agent Jimmy Tirres as Interim Director of Academics, Licia Farias;

daughter, Gabriela Aguilar; and Principal, Dr. Anna Downe.

The Atonement Academy in San Antonio winner, Joyce Joyner, is photographed with Principal Matthew Watson and daughter Kate Joyner as she receives her gift card.

Bishop Thomas K. Gorman Catholic School in Tyler Winner Dennis McInnis poses with his two granddaughters and Bishop Gorman students Jane and Laura McInnis after picking up his prize.

$1,000 Gift Card Winners by School: Antonian College Preparatory High School–San Antonio–Donna Frayne Bishop Louis Reicher Catholic School–Waco–Stephanie Escudero Bishop Thomas K. Gorman Catholic School–Tyler–Dennis McInnis Blessed Sacrament Catholic School–San Antonio–Guiana Garza Cassata Catholic High School–Fort Worth–Scott Stewart Father Yermo Catholic School–El Paso–Alondra Amezcua Good Shepherd Catholic School–Garland–Janice Stoffels Holy Cross Catholic Academy–Amarillo–Ortiz Family Holy Cross Catholic School–Bay City–Mike Saha Holy Cross Catholic School–San Antonio–Holy Cross of San Antonio Holy Family Catholic Academy–Irving–Belinda Carmical Holy Name Catholic School–San Antonio–Christian Omar Holy Rosary Catholic School–Rosenberg–Jason Green Immaculate Conception Catholic School–Denton–Sean Stenovitch Immaculate Conception Catholic School–Grand Prairie–Roberto Martinez Incarnate Word High School–San Antonio–Teresa Aguilar Little Flower Catholic School–San Antonio–Lynzie De los Santos Mount St. Michael Catholic School–Dallas–Javier Alvarado Nazareth Academy Catholic School–Victoria–Kristy Serold Notre Dame Catholic School–Kerrville–Rob and Donna Cole Our Lady of Grace Catholic School–Pleasanton–Jason Roffe Our Lady of Lourdes Catholic School–Hitchcock–Thelma Moser Our Lady of Perpetual Help Catholic School–Corpus Christi–Peter Martinez Our Lady of Perpetual Help Catholic School–Selma–Richard Mendiola Our Lady of Refuge Catholic School–Eagle Pass–Vanessa Hernandez Our Lady of the Gulf Catholic School–Port Lavaca–Richard Miller Our Lady of the Hills Regional Catholic School–Kerrville–Alanna Schultz Our Lady of Victory Catholic School–Victoria–Joan Schramek Providence Catholic School–San Antonio–Adolfo Montemayor Sacred Heart Catholic School–Floresville–Gene Reed Sacred Heart Catholic School–Hallettsville–Dennis Daniels Sacred Heart Catholic School–Muenster–Matthew Nasche Sacred Heart Catholic School–Uvalde–Kay Brieden Shiner Catholic School–Shiner–Josie Rodriguez

St. Anthony Catholic High School–San Antonio–Jennifer Harrington St. Anthony Catholic School–Columbus–Nicole Schobel St. Anthony Catholic School–Hereford–Derrick Clark St. Anthony Catholic School–Robstown–Lisa Caballero St. Catherine of Siena Catholic School–Port Arthur–Lisa Drago St. Cecilia Catholic School–Dallas–Eric Rodriguez St. Elizabeth of Hungary Catholic School–Dallas–Rene Cardenas St. Gerard Catholic High and Regional Middle School–San Antonio–  Gina Rodriguez St. Gregory the Great Catholic School–San Antonio–Veronica Guardiola St. Helen Catholic School–Pearland–Rodney Veach St. James Catholic School–Seguin–Brian Belicek St. Jerome Catholic School–Houston–Santa Flores St. John Berchman Catholic School–San Antonio–Brenda Beltran St. John Bosco Catholic School–San Antonio–Yvette Barrera St. John Paul II Catholic High School–New Braunfels–Karen Carreon St. John XXII College Preparatory–Katy–Gary Newberry St. Joseph Catholic Elementary & Montessori Preschool –Amarillo–  Angela Seidenberger St. Joseph Catholic School–Waxahachie–Paul Haney St. Joseph Catholic School–Yoakum–Theresa Bordovsky St. Louis Catholic School–Castroville–Vernor Bippert St. Luke Catholic School–San Antonio–Nati Silva St. Mary Catholic School–Gainesville–Martha Hernandez St. Mary Magdalen Catholic School–San Antonio–Richard Reyes St. Michael Catholic School–Weimar–Jeanine Ulrich St. Monica Catholic School–Converse–Roberto Lopez St. Paul Catholic School–San Antonio–Claudia Hernandez St. Peter Prince of the Apostle Catholic School–San Antonio–Tim Hahn St. Philip & St. Augustine Catholic Academy–Dallas–Daniel Martinez St. Pius X Catholic School–San Antonio–Paulo Adre St. Rose of Lima Catholic School–Schulenburg–Jesse Vacek St. Thomas More Catholic School–San Antonio–Oanh Thi Kim Dinh The Atonement Academy–San Antonio–Jennifer Joyner

2021 CATHOLIC SCHOOL SWEEPSTAKES WINNERS

Cassata Catholic High School in Fort Worth winner Scott Stewart poses for a photo with Mrs. Cortez, who sold him the ticket.

Agent Bill Lange awards St. Mary's Catholic School in Gainesville winner Martha Hernandez with her gift card.

Catholic Life Magazine | 7

Grand Prize Winner: The Atonement Academy–San Antonio–Dakotah Vidal

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Longtime Agent Retires

After nearly 50 years on the job, former General Agent Larry Pelzel has hung up his hat for good. The San Angelo resident retired as an Agent on March 1, 2021.

Pelzel began his career with Catholic Life in 1973, when he was 23-years old. He quickly rose to the position of Regional Manager and then General Agent. Through the years, he’s driven hundreds of thousands of miles to help families from the San Angelo area all the way to the Texas Panhandle.

“Thanks to Larry, there are many families whose futures will be secure and whose retirement years will be golden,” said Assistant Vice President/Director of Agencies Janet Friesenhahn. “He did an awesome job taking care of Catholic Life members.”

Larry stepped down as a manager in 2017, but remained active as an Agent. “Larry has always been a man of honesty and integrity,” said President Belz. “He's always been someone you could count on.” We wish him the best of luck as he begins another chapter in his life.

Scholarships for Seminarians

Now Available

Do you know someone who is studying to become a Catholic

Priest? If so, Catholic Life is now offering two scholarships to Roman Catholic seminarians to reduce the financial burden underwritten by the Diocese.

The application deadline for the Msgr. Albert G. Henkes and the Msgr. Lawrence J. Stuebben Seminarian Scholarships is June 15, 2021.

The Msgr. Lawrence J. Stuebben Scholarship honors the late Rev. Msgr. Lawrence J. Stuebben, who served as Catholic Life’s Spiritual Advisor for eight years. Seminarians applying for this scholarship must attend Assumption Seminary in San Antonio. Approximately 22 dioceses throughout the United States send seminarians to study at Assumption Seminary where Msgr. Stuebben once served as Rector. Fifty-five seminarians have earned scholarships through this fund.

The Msgr. Albert G. Henkes Scholarship honors the late Msgr. Henkes, who served as Catholic Life’s Spiritual Advisor for 27 years. The scholarship is open to any resident of Texas, Arizona, Florida, Louisiana, Oklahoma, New Mexico, and Mississippi who has enrolled in a Roman Catholic Seminary anywhere throughout the world. Scholarships through this fund have been awarded to 86 seminarians to date.

You can download an application at www.cliu.com or contact the Communications Department at (210) 828-9921. Applications are also available through Diocesan Vocation Directors.

Larry Pelzel

Larry Pelzel is pictured with sales leaders in photo from 1976.

Catholic Life Magazine | 9

CONTACT USPhone: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (210) 828-9921Toll free: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (800) 262-2548Fax: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (210) 828-4629Website: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . www .cliu .comGeneral Email: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . info@cliu .comOffice Hours: . . . . . . . . . 8 a .m .–5 p .m . Monday–Thursday; 8 a .m .–3 p .m . Friday

CINDY OLSON

District 8 Director and Pilot Point Branch Officer Cindy Olson died March 11 at the age of 60 following a brief illness. Rev. John Martin of St. Thomas Aquinas Catholic Church celebrated the funeral Mass on March 31, 2021. Interment followed in the St. Thomas Cemetery in Pilot Point, TX.

Cindy was born into a Catholic Life family. Her grandfather, W.F. Boerner, served as Agent beginning in 1924 until he retired in 1970. Her father, Dan Boerner, followed his example by serving as both an Agent and Branch Secretary-Treasurer from 1970 until 2002. Cindy became a Branch Officer in 1995 and was serving as President at the time of her death.

Her parents, Dan and Glenda Boerner, her two sons, and two sisters survive her.

JERRY KULHANEK, SR.

Longtime Agent and Branch Officer Deacon Jerry Kulhanek, Sr. of Houston, Texas, died January 13, 2021, at age 95.

A native of Frelsburg, Texas, Jerry served in the United States Maritime Service during the Korean conflict. Following his discharge, he graduated from the University of Texas at Austin with a Bachelor of Business Administration. He married the late Ina Gebert Kulhanek on July 17, 1960.

He answered the call to serve and was ordained a Deacon for the Archdiocese of Galveston-Houston in 1975. He proudly served for 35 years.

Jerry joined the sales team in 1977, retiring after 40 years of service. During this time, he earned the Twelve Apostle Award three times.

Funeral masses were offered on January 22 at St. Michael the Archangel Church in Houston and at St. John the Baptist Church in Fayetteville. Interment followed at the Fayetteville City Cemetery in Fayetteville, Texas.

Four sons, including Agent and Branch Officer Jerry Kulhanek, Jr., seven grandchildren, and six great-grandchildren survive him. His wife predeceased him in 1983.

ALVIN JUNGMAN

Longtime Agent Alvin Jungman of Seymour, Texas, passed away February 28 at age 93.

A native of nearby Rhineland, Texas, Alvin married Glenna High on March 6, 1950 in Seymour, Texas.

He began his career with Catholic Life in 1985 and served 33 years before his retirement in 2018. During this time, he earned the Twelve Apostle Award three times.

A Funeral Mass was offered March 3, 2021 at Sacred Heart Catholic Church. Interment followed in St. Joseph's Catholic Cemetery in Rhineland.

Pre-deceased by his wife and a daughter, five daughters, 15 grandchildren, 27 great-grandchildren and 2 great-great-grandchildren survive him.

Eternal rest grant unto them, O Lord, and let perpetual light shine upon them. May they rest in peace.

Dear Member:

SAFE, STRONG, SECURE

Despite the challenges that the COVID-19 pandemic brought, Catholic Life

Insurance finished 2020 in a solid financial position. As we celebrate our 120th year

of service, the following results demonstrate our financial strength and stability:

■ Assets increasing to $1,234,007,036

■ Revenue equaling $115,624,433

■ Surplus climbing to $105,830,817

■ The annuity portfolio rising to $874,399,829

■ Net income reaching $2,159,926

■ Our solvency ratio equaling 109.38

Like many Texas-based operations, the collapse of the oil and gas industry

negatively affected us. However, we rebounded from oil and gas bond impairments

that occurred early in the year, enabling us to finish the year solidly in the black.

Moreover, Catholic Life has no debt and has ample liquidity. As a result, A.M. Best

Company, a respected insurance industry analyst, once again awarded us an A-/

Excellent rating in 2020.

Putting Catholic Values into Action

This financial strength fuels all of our operations. It enables us to make a

difference in the local communities where our members live and work. It allows us

to support faith-based ministries. And ultimately, it helps us put our Catholic values

into action.

On behalf of the Board of Directors, Officers, and Staff, we thank you for the

opportunity to serve you and your family. We hope that you will continue to rely

upon Catholic Life’s products to meet your financial goals.

Sincerely,

Colleen Z. Berger, CPA, CGMA Chip A. Nance, CFA, MBA Senior Vice President/ Vice President/Treasurer Chief Financial Officer

Chip A. Nance

Colleen Z. Berger

Annual Statement of Condition

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ASSETS(In Billions)

1 . 1 5

1 . 2 0

1 . 2 5

1 8 1 9 2 0

ASSETS December 31, 2020 December 31, 2019 December 31, 2018

Bonds $1,187,120,325 $1,149,480,424 $1,154,828,483

Mortgage and Church Loans 1,812,196 2,246,720 3,084,336

Real Estate 6,157,387 5,932,048 5,941,696

Certificate Loans 5,744,111 5,905,183 5,781,072

Cash and Other Assets 33,173,017 44,388,846 22,355,523

Total Assets $1,234,007,036 $1,207,953,221 $1,191,991,110

LIABILITIES

Certificate Reserves $1,084,816,908 $1,064,521,982 $1,055,648,686

Accumulated Dividends 8,675,402 8,676,803 8,750,400

Securities Valuation Reserve 9,393,668 10,343,551 9,734,284

All Other Liabilities 25,290,241 21,157,410 20,035,604

Total Liabilities $1,128,176,219 $1,104,699,746 $1,094,168,974

Unassigned Funds (Surplus) 105,830,817 103,253,475 97,822,136

Total Liabilities/Unassigned Funds $1,234,007,036 $1,207,953,221 $1,191,991,110

Net Income After Refunds to Members and Net Realized Capital Gains (Losses) $ 2,159,926 $ 3,631,674 $ 5,776,089

2018–2020 Annual Statements filed with the Texas Department of Insurance

BONDS & OTHER INVESTED ASSETS

Real Estate - Home Office, Residential & Church Loans – 1%Bonds - U.S. Government Backed – 1%

Bonds - Asset-Based Securities – 2%

Bonds - Industrials – 35%

Cash, Certificate Loans & Other Assets – 3%Bonds - Residental MBS – 6%

Bonds - Commercial MBS – 13%

Bonds - Taxable Municipals – 12%

Bonds - Financials – 20%

Bonds - Utilities – 7%

Annual Statement of Condition

As of December 31, 2020

RESERVES(In Billions)

1 . 0 5

1 . 1 0

1 8 1 9 2 01 . 0 0

Catholic Life Magazine | 11

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If you received the Substitute IRS Form 5498 in the mail from us, don’t be alarmed. The IRS requires that we mail this notification to members regarding their 2020 contributions. If you have a Traditional IRA, Traditional Conduit IRA, SEP-IRA, Roth IRA, or a Roth Conversion IRA, you should receive this form in May or early June.

The substitute tax form reports to the IRS the following:

▶ All 2020 individual tax year contributions deposited into Traditional IRAs and Roth IRAs during the 2020 tax year, and from January 1, 2021 through April 15, 2021

▶ Employer SEP contributions made between January 1 and December 31, 2020

▶ Employer retirement money rolled over into Traditional IRAs and Traditional Conduit IRAs between January 1 and December 31, 2020

▶ Rollover contributions into any type of IRA made between January 1 and December 31, 2020

▶ Roth conversions made between January 1 and December 31, 2020

▶ The Fair Market Value as of December 31, 2020

▶ If you are required to take an IRS required minimum distribution during 2020, this is indicated on the form NOTE: For 2020 IRS required minimum distribution were waived

You are not required to file Form 5498 with your 2020 tax return. However, if you have reported any contributions, rollovers or conversions on your 2020 1040 income tax return, they must agree with Form 5498. Additionally, Employer SEP contributions deposited during the 2020 tax year must agree with the amount on the form.

We ask that you review this document carefully as all corrections to the form must be made in writing by June 25, 2021. Unfortunately, we are unable to make any corrections after July 1, 2020. Should you have any questions, please contact our Membership Service Center at (210) 828-9921 or 1-800-262-2548.

Note that due to the recent inclement weather conditions in the States of Texas, Oklahoma and Louisiana, the IRS has extended the 2020 tax-year filing deadline for these two states to June 15, 2021. As a result, you may not receive your IRS form 5498 until after this deadline. This is still a developing topic and guidelines and conditions are still subject to change. Please contact our Home Office for further assistance.

IRS Reporting Distributed on Substitute 5498 Tax form

We invite you to join us for a celebration of the American Flag and the freedom for which it stands! We’ll also kick off our 120th anniversary celebration. Witness an old-fashioned Flag raising and enjoy a picnic with friends and family. We will give out commemorative t-shirts while supplies last.

DATE: Sunday, June 13, 2021

PLACE: Catholic Life Insurance Home Office Building 1635 N.E. Loop 410 San Antonio, TX 78209

ITINERARY: 5:30 PM – Mass on the grounds 7:00 PM – Flag Raising Ceremony Picnic, Social & Games for the Kids to follow

CELEBRATE FLAG DAY & OUR BIRTHDAY

FOR MORE INFO, CALL THE COMMUNICATIONS DEPARTMENT AT 1-800-262-2548 OR (210) 828-9921 OPTION 4.

The Church welcomes us again to a season of Lent, where we remember that we are

dust and will return to dust. It is a time to ready ourselves for death and judgment

before God, which all must face. The Apostles’ Creed states with certainty that Christ

“will come again to judge the living and the dead.”

The Ascended Christ, victorious over sin and death, is seated at God’s right hand

in His glorified body, awaiting the Father’s time to return to earth as Judge. The

Psalmist says that God has decreed: “’I will choose the time;/ I will judge fairly.’”

(Psalm 75:3) Divine appraisal of people’s lives and the consequences of their choices

are everywhere spoken of in Scripture, beginning with the banishment of Adam and

Eve from Eden because of their sin, and continuing until the final judgment and

recompense described in the book of Revelation.

Judgment is not just universal (for the world) but individual (for each person).

Qoheleth in the book of Ecclesiastes declares there is “a time to die” (Ecclesiastes 3:2),

when “God will bring to judgment every work, with all its hidden qualities, whether

good or bad.” (Ecclesiastes 12:7, 13) Christ Himself proclaims a final judgment, saying

that persons will be judged by how they treat others, concluding with the somber

statement that unloving persons “’will go off to eternal punishment, but the righteous

to eternal life.’” (Matthew 25:46) Our choices in time will have outcomes in eternity.

The reality of Christ’s return to “judge the living and the dead” can engender dread

or hope. Christ warned the people of Galilee: “’Repent, and believe the gospel.’”

(Mark 1:15) Those who refuse to confess their sin and believe the gospel of God’s

love will receive eternal punishment – a dreadful prospect regarding Christ as Judge.

But God is patient, “not wishing that any should perish but that all should come to

repentance.” (2 Peter 3:8) Those who repent of their sin will find God “faithful and just

to forgive” those sins. (1 John 1:8) Eternal life in a fully restored creation, graced by

God’s own presence, awaits the truly repentant. This is the sure hope guaranteed by

Christ’s own ascended life in heaven.

As the Creed declares, Christ will indeed return as Judge. Sooner or later the good

and evil in everyone’s life (including ours) will be revealed. The inevitability of a final

judgment (and its particular outcome based on one’s faith and obedience) calls us

to persist in continuing conversion, committed to on-going Lenten repentance and

awaiting with hope the fulfillment of Jesus’ words: “By patient endurance you will save

your lives.” (Luke 21:19)

Most Reverend Mike Boulette

Catholic Life Insurance Spiritual Advisor

Catholic Life Magazine | 13

Mike Dieter – Lindsay, TX

LEADING LIFE INSURANCE PRODUCERS

Congratulations to our 2020 Top Producers

#1 GENERAL AGENT OF THE YEAR

Eugene Smart, CLU, MBA, FICSmart & Associates - Houston, TX

#2 GENERAL AGENT OF THE YEAR

LEADING ANNUITY PRODUCERS

Brenda Burton – Prairieville, LAGlenn Snoga – Sequin, TXWilliam “Robin” Christensen, FIC, LUTCF – Pensacola, FL

Lyn Middleton, FIC – West, TX Randall Harred, LUTCF – Pleasanton, TX

Elaine Labus – Floresville, TX

Jennifer Moczygemba, FIC – Canyon Lake, TX

PERSONAL PRODUCING GENERAL AGENT (PPGA) OF THE YEAR

Glenn SnogaSegiun, TX

Rick Pennycuff, FICF – Graham, TX Kenneth McGriggs – Jackson, MS

Mike Williams – Lewisville, TXCharlotte Grobe – Fredericksburg, TX14 | cliu.com

James E. Tirres, CLU, FIC, LUTCF San Antonio General Agency - San Antonio, TX

Catholic Life Magazine | 15

John Luksa, CFS, ALMI, ACS Senior Vice President/Director of Sales

Now Might Be The Best Time To Meet With Your Catholic Life Agent For A Review!

Let’s face it, our lives are constantly changing and even more so in this new normal. Life changes can play a significant role in affecting your coverage and retirement needs for the long term.

Just as you might visit your doctor at least once a year to assess your physical health, it is just as vital for you to consult with your Catholic Life Agent to review your financial health.

Here’s what you can expect in an annual review with your Agent:

Update your Information Because change is the only thing that is constant in our lives, your Agent will want to ensure that Catholic Life has your current contact information. Below are some of the most common changes that may occur that will affect our financial plans:

• Address• Email• Phone Numbers – Have you disconnected your landline?• Marital Status• Beneficiaries• Employment Status• Number of Children• Retirement Date• Additions or Losses to your Family

Education on Financial ProductsTo make confident decisions for your family’s future, it is essential to continue your education on insurance/financial products and services. Your Catholic Life Agent can keep you updated on your current plans and educate you on new or additional plans to benefit your family.

Update on New Insurance, Retirement, or Tax Changes As the financial environment changes, your Agent can keep you abreast of any changes that could affect your current and future plans. Some examples may include changes in tax laws, retirement, insurance, and/or estate planning.

Navigate the Four Phases of Financial Independence As time goes on, needs change as your family reaches different phases in their lives. The following are four possible phases that your family members may experience in their lifetime.

1. Preservation and Risk Management PhaseLife insurance and long-term care can play a significant role in protecting your family’s future and well-being.

Catholic Life offers a wide range of insurance plans to meet your needs:• Whole Life• Final Expense• Limited Pay Life• Life Paid Up at 65• Single-Premium Whole Life• Single-Premium Whole Life Plus• Just For Kids Term Insurance• 10, 20, 30 Year Renewable and Convertible Term Plans

2. Accumulation PhaseThe accumulation phase is about creating and accumulating wealth over a period of time toward a specific goal. Examples of accumulation goals can include college savings, home purchases, emergency reserves, and retirement savings.

3. Retirement Distribution/Income PhaseThis is perhaps the most crucial phase of the four, as many of us have spent most of our lives planning and dreaming of this day. Your Catholic Life Agent can help you retire with confidence so that you will not deplete all of your retirement savings as life expectancy expands and investment markets become more volatile.

4. Wealth Transfer and Legacy Planning PhaseYou may reach a point in your life when you have assets that you would like to designate for your children, grandchildren, or favorite charities. Your Catholic Life Advisor can help you achieve a seamless estate transfer to your family or fulfill your charitable contributions.

Confirm you are on Track with your Financial Goals• Do you have enough insurance to protect your family? • Will you be able to retire when you want to? • Do you have a plan if you or your loved ones need long-

term care?• Do you want to burden your children or grandchildren with

your estate?• When was the last time you reviewed these items with

your Catholic Life Agent?

If you DON’T have answers to these most important questions, then PERHAPS this is the best time to meet with your Agent!

SCORINGUse as a guide in poster planning:

1. Eye Appeal .................................. 30% Does poster attract attention? Preparation, neatness, colors

2. Originality ................................... 20% Design, slogan, arrangement

3. Theme .......................................... 45% Does poster stimulate interest? Does it carry out the theme?

4. Identification ................................5% Attach the entry form or copy of entry form to the back of the poster.

GENERAL RULES1. Entry form must be completed and attached to the back of the poster.

An incomplete and/or illegible form will disqualify entry. Please have a parent or teacher fill out the entry form.

2. We suggest mailing your entry in a poster tube which may be found at your local post office or business supply store.

3. The deadline to submit your entries: May 10, 2021. Send entries to:

Catholic Life Insurance Poster Contest PO Box 659527San Antonio, Texas 78265-9527

ENTRY FORM – PLEASE PRINT(Attach to back of poster. Must be complete and legible to qualify.)

Name

Home Address

City State Zip

Home Phone Number

Grade School

Parent’s Name

Teacher’s Name

WHO CAN ENTER?Children in grades kindergarten through 5th may enter.

WHAT CAN BE ENTERED?One original poster no larger than 20” x 20.”

WHAT MATERIALS CAN BE USED?Pencils, ink, paint, watercolors, crayons, fabric, and construction paper can be used. Words, letters, pictures, or other materials from newspapers or magazines may also be used. Posters must be made of poster board or construction paper.

WHAT ARE THE DIVISIONS AND THE PRIZES?Division A: K-1st gradeDivision B: 2nd-3rd gradeDivision C: 4th-5th grade

Prizes to be awarded in each division:First: $150 Third: $75 Second: $125 Fourth: $50

JUDGINGJudges will use the scoring criteria. Their decisions will be final. All entries become the property of Catholic Life Insurance and will not be returned unless postage accompanies poster. We dispose of all posters 60 days after the contest. Winning posters will be published in the Catholic Life Magazine.

It’s the 244th anniversary of the American Flag.Our contest theme this year: The American Dream gives us the right to pursue our own idea of happiness. Illustrate your American Dream. (You must include the American Flag. Posters that have other pictures drawn on the Flag or have changed its colors will unfortunately be disqualified.)

For more information, contact Megan Real at (210) 828-9921 Ext. 141 or email mreal@cliu.com.

FLAG DAY POSTER CONTEST

16 | cliu.com

Catholic Life Magazine | 17

JUDGINGJudges will use the scoring criteria. Their decisions will be final. All entries become the property of Catholic Life Insurance and will not be returned unless postage accompanies the flash drive. Winning videos will be published on the Catholic Life website.

SCORINGUse as a guide in poster planning:

1. Eye Appeal ..................................................................................30% Does the video attract attention? Preparation, neatness, colors

2. Originality ...................................................................................20% Design, slogan, arrangement

3. Theme ..........................................................................................45% Does video stimulate interest? Does it carry out the theme?

4. Identification ............................................................................... 5% Attach entry form or copy of entry form to the email or flash drive submission.

GENERAL RULES1. An entry form must be completed and submitted with the video.

No form or incomplete form will disqualify the entry.

2. We suggest emailing your video to branch@cliu.com or mailing a copy to:

Catholic Life Insurance Video Contest PO Box 659527San Antonio, Texas 78265-9527

3. The deadline to submit your entries: May 10, 2021

ENTRY FORM – PLEASE PRINT(Attach to entry. Must be complete and legible to qualify.)

Name

Home Address

City State Zip

Home Phone Number

Grade School

Parent’s Name

Teacher’s Name

CONTEST RULESEach student is responsible for coordinating their entries based on the following guidelines.

ELGIBILITY REQUIREMENTSStudents grades 6–12 that live in the states that Catholic Life Insurance operates (Texas, Louisiana, Mississippi, Arizona, Florida, Oklahoma)

VIDEO REQUIREMENTS■ Can be submitted as an individual or group project

■ Must include the current year's theme

■ Videos should be no longer than 90 seconds

■ Be the student's own original work created by the contest participant

■ Acceptable formats include: MOV, MP4, AVI, WMV, and MPEG-4

■ All video and music content must be original and royalty-free, or student must submit written permission from the copyright holder granting the use of the copyright material

■ Each student may only submit one video

PRIZESFirst: $500Second: $350Third: $150

We are calling all Middle and High School students! Catholic Life Insurance invites you to participate in our first annual Flag Day Video Contest. It’s the 244th anniversary of the American Flag.

Our contest theme this year: The American dream gives us the right to pursue our own idea of happiness and success. Illustrate or show us your American dream.(You must include the American Flag. Videos with other pictures shown on the Flag or have changed its colors will, unfortunately, be disqualified.)

For more information, contact Megan Real at (210) 828-9921 Ext. 141 or email mreal@cliu.com.

FL AG DAY VIDEO CONTEST

18 | cliu.com

EXPLORE YOUR SAVINGS TODAY

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Catholic Life Insurance Discount Program!Your discount program is a one-stop-shop for exclusive discounts at hundreds of national and local merchants!

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AUTOMOTIVE APPAREL TOYS & KIDS GIFTS WELLNESS

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Dozens of great categories like

and many more!

Catholic Life Magazine | 19

Field Green SaladSalad: Bag of Field Greens 1 cup sliced strawberries (you can add blueberries, mandarin oranges, any kind of fruit you like) 1/2 cup of pecan pieces 1/2 cup of shredded mild cheddar

Dressing: ¼ cup Red Wine Vinegar (I also use Sherry Vinegar)1/3 cup sugar 1/2 cup olive oil1 clove minced garlic

Add dressing to salad and toss

Great salad for any time of year and with any dish!

Sandy BretzkeCastroville, Texas

Cod Fish with Tomatoes2 lbs. cod fillets4 tomatoes, peeled, seeded and chopped2 tbsp. butter1 small onion, chopped1 cup white wine1 tbsp. parsley, chopped¼ cup creamJuice from 1/2 lemon1 tbsp. cornstarch, dissolved in wine

Place fillets in skillet and brown for about 1 minute on each side in approx. 1 tablespoon of butter. Top fillets with tomatoes; add butter, onion, and wine. Cover tightly and simmer for about 12 minutes. Transfer fillets to a hot serving dish and keep warm. Reduce fish cooking liquid to about 1/2 cup, then add parsley, cream, and lemon juice; stir in cornstarch to thicken the sauce. Pour over the fillets and serve.

Clarence MoczygembaKarnes City, Texas

Corny Corn2 eggs1 (17 oz.) can whole kernel corn, undrained1 (16 oz.) can creamed corn1 (81/2 oz.) box Jiffy Corn Bread mix1 (8 oz.) carton sour cream1 stick margarine, melted

Preheat oven to 350 degrees. Beat eggs in a large bowl; add corn, creamed corn, cornbread mix, sour cream and margarine. Mix well. Pour into greased 9x13x2” baking dish and bake for 45 minutes or until brown on top.

Yields: 12 servings.

Rita HerzikWeimar, Texas

CALLING ALLCOOKS!

WE WANT YOUR RECIPES! Submit your recipes to us today for a chance to appear as a featured chef in the next edition of our quarterly Catholic Life Magazine! If your recipe is chosen for publication, we will send you a check for $15 and a Cooking With Catholic Life apron. Email your recipe to branch@cliu.com, fax to (210) 828-4629, or mail to: Catholic Life Insurance, Attn. Recipes, P.O. Box 659527, San Antonio, Texas 78265

We would like to thank all of those who share their favorite recipes with us, so that we may in turn, share them with the entire base of our members and their families, our agents, our branches, and our own families.

Easy Fruit Dip1 (7 oz.) bottle Marshmallow Crème1 small container whipped cream cheese

Mix the two together by hand. Set in a nice serving dish and put a mixture of sliced fruit on a platter around the dip: apples, pineapples, strawberries, grapes, cantaloupe, and green mellowing.

Nice, easy platter to take to a party.

Therese JanacekWeimar, Texas

From satisfying mains that are all the catch to lighter and brighter salads, these simple recipes are perfect for the change in season.

KITCHENin theBring the springtime sunshine to

your meals with these delicious and refreshing recipes.

P.O. Box 659527San Antonio, TX 78265-9527

Greg Ovino, Director of Sales Recruiting, 1-800-262-2548 ext 166

*Licensing assistance provided Home Office: San Antonio, TX RC 1/17

Start a Second Career...

That Provides an Opportunity to Share Your Values of Faith & Family.

Catholic Life Insurance offers an exciting and fulfilling sales career for individuals interested in helping Catholic families. We provide:

■ Life Insurance Sales Training* ■ Flexible Hours■ Marketing Support ■ Unlimited Income Potential