Knights of Columbus Insurance

The Knights of Columbus has assured the welfare of its members since 1882 (over 129 years). It ranks in the top 5% of the approximately 2,000 insurance companies throughout North America. It has once again received the highest possible ratings from A.M. Best (A++ Superior) and Standard & Poor’s (AAA Extremely Strong), and is a member of the Insurance Marketplace Standards Association (IMSA) which is reserved only for those insurance companies that conduct business by the highest ethical standard. 2011 marks the 36th consecutive year in which the Knights of Columbus has earned A.M. Best’s A++ (Superior) rating, and the 19th successive year the Order has earned the AAA (Extremely Strong) rating from S&P. It's strength and stability remain strong despite the recent slumping economy.

Supreme Knight Carl A. Anderson remarked that our insurance program continues to show its strength and stability in spite of economic turmoil. In fact, 2011 marked the 11^th consecutive year of growth in many categories. In 2011, the Order issued more life insurance than ever before in our history ($7.9 billion). Total life insurance in force reached a new high of $83.5 billion, nearly double that just ten years ago. In addition, the Order introduced a new disability income insurance product in April 2011. There are more field agents serving our knights than ever before. 2011 was marked with record growth, not just in membership but also in KofC insurance.

The Knights of Columbus is also certified by the Insurance Marketplace Standards Association (IMSA) for ethical and honest business practices. It is one of only four U.S. insurers with both IMSA certification and top ratings from S&P and A.M. Best, and the only insurance company in Canada to do so. Additionally, the Knights of Columbus has donated more than $1.325 billion to charity, and provided nearly 626 million hours of volunteer service in support of charitable initiatives worldwide.

Insurance (Last Updated: 8/1/09)

Knights of Columbus insurance products include the following.

Permanent Plans - Policy lasts as long as you live, premium stays the same.
Term Plans - Policy ends at end of specified term: renewable or convertible.
Annuities - Provides an income that is guaranteed for life.
Long Term Care - Provides funds for long-term, out-of-hospital care.

In addition, the “20-Pay Life” plan for children is paid in full in 20 years and has built-in benefits that give each insured child the option to buy the same amount of insurance six times (from age 25 to 40) regardless of their occupation or their physical condition. This plan is available to members’ children or grandchildren from birth to age 18.

Contact our council’s field agent Martin Reynolds, CLU, ChFC at 302-750-8021 or martin.reynolds@kofc.org for a custom-tailored needs analysis, so that you will know exactly where you stand. Martin is a brother knight and an experienced, knowledgeable KofC field agent.

Annuities (Last Updated: 8/1/09)

The Knights of Columbus provides members and their spouses with one of the finest annuity products on the market today. With a guaranteed minimum of 3% interest for money deposited to a new annuity, you get a competitive interest rate along with the exceptional safety and security our members have come to expect from the Knights of Columbus. For those who have an annuity with a minimum of 3.5%, you will continue to receive that guaranteed minimum rate. There are no management fees or expenses. The Knights of Columbus can also accept direct rollovers from 401K’s, IRA and ROTH-IRA transfers from other institutions, or regular after-tax savings such as CD’s, mutual funds, etc. that may be earning low rates. The current rate as of this update is 4.5% for amounts of $300 up to $10,000, and 4.75% for amounts of $10,000 and more.

And if you or your spouse maxed out your annual contributions to your IRA, keep in mind that our Order’s highly regarded Paid-up at Age 65 plan can be an excellent supplement to your retirement income needs with no income limitations and guaranteed paid-up insurance for life.

Contact our council’s field agent Martin Reynolds, CLU, ChFC at 302-750-8021 or martin.reynolds@kofc.org if you would like to make additional contributions to your existing annuity or if you would like to get on the path to financial security by starting an annuity or a Paid-up at Age 65 plan with the Knights of Columbus. Martin is a brother knight and an experienced, knowledgeable KofC field agent.

Long-Term Care (Last Updated: 8/1/09)

Knights of Columbus Long-Term Care Insurance offers multiple options, from plans that cover only nursing home costs, to assisted living, to all-encompassing plans that include at-home care costs, so you can choose the plan and protection best suited for you. You select the amount and length of coverage. Better still, if you’re married, your premium is discounted, and if you and your spouse are approved, the discount is even greater. So you can safeguard your assets and the care you’ll need when you’ll need it. As of February 1, 2008, the Delaware State Insurance Commissioner has approved the Knights starting age for Long-Term Care to move from 40 to 30 years of age. And the daily rate has increased from $250 daily to $400 daily. To put long-term care premiums into perspective, a Brother Knight or his wife at age 30 can pay premiums for a long-term care policy for 50 years to age 80, and still pay less than a 70 year old paying 10 years to age 80. At current prices as of this update, a person could pay premiums for a long-term care policy for 20 years at any age and still not have paid what it costs for one year in many nursing homes.

MONEY NOT WORKING HARD ENOUGH FOR YOU?

My Brother Knights, have you checked the rates you are getting on your CD’s, money market funds, etc. Are you getting tired of making small interest amounts, paying a bank fee, getting a 1099 to pay for your annual interest earned?

By putting your money into a Knights of Columbus annuity you will earn 4.50% on amounts from as little as $300 to 4.75% on amounts over $10,000, with no fees whatsoever (no commission fees or annual fees) no 1099 at the end of the year, plus the fact that you will never outlive your money when you take a settlement option of lifetime guarantee, PLUS you will have helped the Knights of Columbus help the Catholic Church!!

Now, if that is not a WIN-WIN situation then nothing is - this current rate is guaranteed until Sept. 30^th.

Give me a call now and take advantage of this fraternal benefit – Field Agent Martin Reynolds, CLU, ChFC at 302-750-8021 or e-mail me at martin.reynolds@kofc.org

I can assure you, my Brother Knights you will be very glad you did. VIVAT JESUS!!!

WHAT MAKES THE KNIGHTS OF COLUMBUS INSURANCE PROGRAM DIFFERENT FROM COMMERCIAL COMPANIES!!!

PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE HELPS THE KNIGHTS HELP THE CATHOLIC CHURCH!
YOU WILL HAVE EARNED MORE MONEY BECAUSE OUR DIVIDEND HISTORY RATES WITH THE TOP INSURERS IN NORTH AMERICA.
PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE ALLOWS US TO BE FINANCIALLY STRONG AND STABLE FOR YOUR CHILDREN!
PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE ALLOWS US TO BE THE LARGEST, CATHOLIC, FAMILY, FRATERNAL SERVICE ORGANIZATION IN THE WORLD!
PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE HELPS THE PRO-LIFE CAMPAIGN!
PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE MAKES AVAILABLE COLLEGE SCHOLARSHIPS!
PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE MAKES AVAILABLE THE MATTHEWS-SWIFT FUND FOR OUR POLICE, FIRE AND MILITARY FAMILIES!
PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE MAKES AVAILABLE THE FATHER McGIVNEY ORPHAN’S BENEFIT
PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE MAKES AVAILABLE THE “RSVP” PROGRAM TO HELP OUR SEMINARIANS!
PLACING YOUR MONEY WITH THE KNIGHTS INSURANCE ALLOWS YOU TO BE CONSCIOUSLY CATHOLIC IN YOUR INVESTMENTS!

FOR MORE INFORMATION ON THIS VALUABLE FRATERNAL BENEFIT AND RESOURCE – PLEASE CONTACT YOUR COUNCIL FIELD AGENT!!

Martin Reynolds, CLU, ChFC

302-750-8021

martin.reynolds@kofc.org