Knights of Columbus Introduces New Annuity Product

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8/17/2007

Vantage Offers Safety of Principal and Fixed-rate Guarantees

Vice President for Marketing Mike Boullion talks about the VANTAGE Annuity

In a continuing effort to offer its members and their families convenient, reliable, and stable ways to enhance their financial security, the Knights of Columbus has introduced a new annuity product: the Vantage Single Premium Deferred Annuity.

Vantage is designed to provide Knights with a safe and simple way to save for retirement. It features a lifetime minimum rate of return as well as a five-year guaranteed interest rate from date of issue. Additionally, after the first year of the contract, Vantage owners may withdraw up to 10 percent of the policy value annually without penalty.

“Vantage combines the advantages of fixed-rate guarantees with the security of principal that only a top-rated life insurer like the Knights of Columbus can provide,” said Supreme Knight Carl A. Anderson. “What’s more, with Vantage, our members can provide themselves an income stream that they cannot outlive.”

The Vantage annuity will appeal to members who seek to defer taxes on their retirement savings, or to preserve the tax-favored status of IRA and RRSP proceeds. Unlike many savings plans provided by commercial banks, a Vantage annuity offers a guaranteed lifetime minimum interest rate.

Vantage is just one of many products offered by the Knights of Columbus, which has consistently achieved the highest ratings for financial stability from both Standard & Poor’s (AAA) and A.M. Best Co. (A++), as well as certification from the Insurance Marketplace Standards Association for ethical business practices. 

To learn more about the Vantage Single Premium Deferred Annuity, or any of the other Knights of Columbus life insurance, long-term care, or annuity products, contact your local professional field agent.