Insurance Program
Family Fraternal Benefits-
AAA (Extremely Strong) Standard & Poor's Highest Rating
A++ (Superior) A.M. Best's Highest Rating
Membership Means More
The Knights of Columbus offers special benefits of membership. Among these are unique programs that exist exclusively for K of C families faced with needs that often fall outside traditional insurance plans. The Family Fraternal Benefits package, available to all our good standing members and thier families, adds value to membership in our organization.
- Guaranteed Life Insurance Benefits for Uninsurable Children
- Death Benefits Available for Stillborn/Miscarried Children
- Orphan Benefits
- Member/Spouse Accidental Death Benefits
Our Evolution
When our organization began, in order to help each other, our members "passed the hat" to assist families of deceased members. Soon, however this became impossible, as the numbers of our members grew.
Out of this simple process, we've evolved into a modern, dynamic insurance organization, and offer a wide variety of products to suit virtually everyone's needs.
Let's Look At Our Plans:
Permanent Plans
Do you need life insurance that lasts as long as you live? Our permanent plans give you the security of:
- Knowing your family is protected, today and forever.
- Knowing your premium will stay the same, regardless of your future health.
- A cash value that will grow over time and can provide a source of funds for future needs.
- The opportunity to earn policy dividends as declared by the Knights of Columbus board of directors.
Our plans include:
- Whole Life- premiums payable for all of life.
- Limited Payment Life- premiums payable for a shorter period.
- Discoverer- a custom blend of whole life and term, insuring two lives, payable upon the 2nd person's death.
Term Plans
For Temporary Needs
Are your life insurance needs temporary? Many people's needs are, indeed, temporary-even though they may be of long duration. Your mortgage, business loans, educational funds, and needs of children at home are some examples of temporary needs that can be met with term life insurance.
Term Insurance- as it's name denotes-remains in effect for the term of the policy. When the term ends, your coverage stops-although you have the option of renewing the policy(for another term) or converting it to a permanent plan. For these wide ranging needs, we offer a full range of term insurance plans. Because the protection they provide is temporary, these plans are lower-priced than permanent plans for the same amount. Here are some of our available policies:
Annual Renewable Term
- Ultra Premier Term
- Premier Term
- Level Term Insurance
- 5 Year Term
- 10 Year Term
- 15 Year Term
- 20 Year Term
- Term to 65
Decreasing Term Insurance
Annuities
Your Portfolio's "Sure Thing!"
What works better for you?
- Through our Single Premium Annuity, you make one payment select the age you begin receiving benefits.
- Through our Flexible Premuim Annuity, you make periodic payments of as much as you want, for as long as you want.
Your principal is safe, and your guaranteed never to earn less than 3.0% on your money. Current rates are 3.15% in the U.S. and Canada for payments received prior to October 1, 2004. This rate is guaranteed through June 30, 2005.
Long Term Care
For The Unexpected
We're all getting older.
bravenet.com