Membership Means More

The K of C insurance program

Insurance Products

1. •Term Plans – Policy ends at end of specified term: renewable or convertible.
   

2. •Permanent Plans – Policy lasts as long as you live, premium stays the same.
   

3. •Retirement Plans - IRA’s, ROTH IRA’s, 401(k) Rollovers.
   

4. •Annuities – Provides an income that is guaranteed for life.
   

5. •Long Term Care – Provides funds for long-term, out-of-hospital care.
   

6. •Fraternal Benefits - There are many great benefits for members and their families including guaranteed insurability, Accidental Death Benefits, Scholarships, sound financial advise from a professional with your needs in mind, and much more!
   

   

Life Insurance Products

Permanent Plans - Do you need insurance that lasts as long as you live?

1. •Whole life insurance
   

2. •Discoverer (whole life & term blend)
   

3. •Single premium life
   

4. •Life paid up at 65
   

5. •20 pay life
   

6. •Dual life (2nd to die) & Universal Life (2nd to Die) - with no lapse guarantee if premiums are paid on time
   

Our permanent plans give you the security of:

1. •Knowing your family is protected, as long as all premiums are paid as they come due.
   

1. •Knowing your premium will stay the same, regardless of your future health.
   

1. •A guaranteed cash value that will grow over time and can provide a source of funds for future needs.
   

1. •The Knight of Columbus offers several different form of Whole Life Insurance. Including products that become paid up sooner in life. For more information on our products, or for help finding the product that is right for you, our agents are equipped with the tools necessary to help find the plan that best fits your need.
   

1. •Another valuable feature of our permanent life insurance plans is the opportunity to earn policy dividends.*  While dividends are not guaranteed and are declared annually by the Order's board of directors, our dividend scale has been - and continues to be - among the very best in the life insurance industry
   

* Policy dividends represent a distribution to policy owners of surplus funds resulting from favorable investment, expense or claims experience.  Because of this, they cannot be guaranteed, and may increase or decrease based on the Order's actual and anticipated results.

Term Plans - Are your life insurance needs temporary?

1. •Level term insurance – 10, 15, 20 yea
   

2. •Annual renewable term insurance
   

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.

As its name denotes term insurance remains in effect for the term of the policy. When the term ends, your coverage stops – although you do 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.

Retirement Plans

Annuities - Want your IRA’s to develop Financial Security with Strong Catholic Values?

Retirement plans with the Knights of Columbus are ethically invested, while at the same time earning a competitive yet secure rate of return that is guaranteed to increase every year. The beauty of our annuity products lies squarely in their simplicity and security.

Simple from the standpoint that they're fixed in nature. They provide long-term accumulation of wealth, specifically designed for retirement needs. There are no hidden management fees or annual charges. (Surrender charges may apply).

Secure because they are backed by the Knights of Columbus, an organization that earns the highest ratings from independent rating services while maintaining high ethical standards.

Our investment philosophy is consistent with the nature of the funds entrusted to us. We invest in vehicles that generate competitive rates for you, while assuring absolute safety of your retirement nest egg.

Whether you're looking to start a retirement savings program or moving substantial, more volatile funds into 'safer waters', the Knights of Columbus offers programs that can help you achieve your goals.

Long Term Care Insurance

Long Term Care

What plans have you made for when the times comes that you can no longer take care of yourself?

Long Term Care insurance has become a very important part of a solid financial foundation. With the average cost of a nursing home in Ohio being well over $70,000 a year. The concern for aging seniors continues to be outliving their money, and becoming a burden on their family. In fact, this concern has been reported to be the number one concern for many aging seniors. While the cost of a nursing home can be expensive, the insurance doesn’t have to be. Paying premiums for 20 years, could cost less than 1 year in a nursing home.

Everyone is potentially at risk. A recent study1 found that 69% of people turning 65 years of age will need some long-term care before they die. Woman are at a higher risk than men with 79% of women turning 65 years of age needing some long-term care and 58% of men turning 65 needing some long-term care. Among those turning 65 years of age, 44% will need less than 1 year; 30% will need 3-5 years; 12% will need 5 or more years. On average, private nursing home care can cost upwards of $78,000 per year.2 You may be able to manage with at-home nursing care. Yet this option, too, can be quite expensive: such services can cost over $55,480 per year in the U.S.3 for eight hours of service, 365 days a year.

Knights of Columbus long term care insurance doesn’t just cover nursing home expenses! Long Term Care often begins in the home. Our comprehensive policies pay for home care, adult day care, assisted living as well as nursing home expenses.

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Our Ratings

Today we are among the most highly regarded companies in the industry, annually receiving top ratings from A.M. Best (A++, Superior) and Standard & Poor’s (AAA, Extremely Strong). Additionally, we are a member of the Insurance Marketplace Standards Association (IMSA), a honor reserved for life insurers who commit to the highest ethical standards in the marketplace. In 2009 only three companies in the industry could boast of these highest ratings. Making the Knights of Columbus one of the strongest in the industry.