Thankful For Their Blessings
Bequest of Life Insurance Supports a Parish Endowment Fund
Like many couples in their 30's, Heidi and Ethan Rector are busy. They both work, are raising two daughters, are expecting a third child this fall and are active in their parish, Sacred Heart Church in Colorado Springs. Looking back at the early summer of 2012, they considered themselves "very blessed."
Then came the fire.
One June 23, 2012, the Waldo Canyon fire began, eventually destroying 346 homes, including the Rector's rental home in the Mountain Shadows neighborhood. With their daughters Kailey, now 10, and Samantha, now 4, Heidi and Ethan quickly packed some personal possessions into their two cars and fled to the safety of Ethan's mother's home.
With the family unharmed and intact, the Rectors felt truly blessed, thanks in great part to their church community, including Ethan's fellow Knights of Columbus. While the family was "crammed into" Ethan's mother's small townhouse, Father Bob Epping called and asked Ethan and Heidi to see him after the next Sunday's Mass at Sacred Heart.
"When we stopped by, Father Bob handed us a check for $1,000. An anonymous donor had contacted Father Bob, hoping to help a family with children," said Heidi Rector, a nurse at Penrose Hospital in downtown Colorado Springs.
"It was just amazing. I cried."
Now, back on their feet, in a new home they purchased and awaiting the arrival of their third child, the Rectors are making plans for the future. Those plans include giving back to Sacred Heart Church in a very meaningful way that doesn't affect their budget.
They made a bequest of life insurance.
"We chose life insurance because for many families like ours, there's not a lot of money sitting in the bank, and we're just getting started on building a retirement fund. But giving the gift of a small policy is easy because the premiums are easy to budget," said Ethan, an estate and business planning attorney, who notes that another option is to make a gift with a percentage of a larger policy.
"The process was extremely simple and straight forward," said Ethan. They obtained a beneficiary designation form from their insurance provider and designated the Sacred Heart Parish Endowment Fund as beneficiary. In doing so, "Sacred Heart will continue to receive our support in perpetuity," said Ethan. "We wanted to give our religious leaders the support necessary to continue to serve our fellow parishioners and the community through the Gospel of Jesus Christ," said Ethan, who notes that his 4-year old daughter Samantha has autism.
"The Church was there for us. We always want to be there for them."