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The Knights of
Columbus Insurance Portfolio
Permanent Plans
Whole
Life - a plan in which premiums are
payable during the lifetime of the insured. The plan is
participating (dividends) and contains cash values.
20 Payment Life- a plan of
insurance in which the premiums are payable for 20 years.
The plan is participating and contains cash values.
Life Paid Up at Age 65- a plan of
insurance with premiums payable until the annual contract
date nearest the insured's 65th birthday. The plan is participating and contains cash values.
Single Premium Life- This plan is
a participating permanent paid up plan of life insurance
for which cash values are immediate and dividends are
payable at the end of the first contract year.
Term Insurance
The Discoverer is a participating
custom-built life insurance package consisting of Whole
Life Insurance and Additional Protection Benefit (Term
Insurance). The term portion automatically and
systematically converts to a permanent plan while
maintaining a very attractive premium. By adjusting the
combination of whole life and APB, the Knights can
customize this plan to fit the needs of every Brother
Knight and his family. Most importantly this plan is
available exclusively to Knights of Columbus members and
their families. This plan is revolutionary in the market
and every Brother Knights owes his family an thorough
explanation of this program by his Field Agent.
Annuities
An annuity is a contract
for which you pay premiums—either a single premium or a
series of premiums—in return for future periodic payments.
Annuity contracts can be flexible in the number, amount and
frequency of premiums, and the manner and amount in which
payments will be made to you later. The Knights of Columbus
offers a number of annuity options. Our flexible premium annuity
allows you to pay either a single premium or multiple premiums,
and determine the amount and frequency of premium payment. You
can also choose deferred periodic payments or a lump sum payment.
The interest rates on this annuity are subject to change on a
quarterly basis, which allows the Knights of Columbus to maintain
competitive rates. The Knights also offer a single premium
immediate annuity that is funded by a single premium payment and
provides immediate periodic payments. Under one version of this
plan, a husband and wife can receive immediate payments, with
reduced payments continuing for the life of the surviving spouse.
YOU DECIDE ON THE
INCOME YOU WANT! YOU SAY WHEN YOU WANT IT! SHOULD CIRCUMSTANCES
CHANGE, WE PROVIDE THE
FLEXIBILITY.
Right now is the
time to plan for the future. Sensible members, like you, should
take steps to assure future income you can absolutely count on.
Monthly income, to replace the earned income, to which you have
become accustomed.
Of course, social
programs will provide some. Company pensions will add to your
security. True peace of mind will be yours only if you supplement
these programs with one of your own. Income
You Will Never Outlive. The Knights of
Columbus Flexible Annuity was designed especially to combine the
safety of guarantees with the freedom of flexibility.
Long Term Care
Recent studies show that 43% of our Senior Citizens will spend an average 2 ½ years in a Nursing Home Facility. We offer Tax Qualified plans both in a Comprehensive Long Term Care Policy (which includes Home Health Care, Assisted Living Facilities, Adult Day Care and Nursing Home Facilities) and a Nursing Home only policy ranging from $50 a day to $250 a day. You may select a 3 year, 5 year or lifetime benefit with a 30, 60, 90 or 180 day elimination (waiting) period. In our Comprehensive policy we offer Pooled Benefits, Shared Care Benefits, Guarantee Purchase Options and Waiver of Premium if you go “On Claim”.
If you wish, we also offer Inflation Guard, Return of Premium and Non-Forfeiture
Riders.
Contact Dave
Bailey, FICF for Details
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