Knights of Columbus Insurance Set 3 New Records in 2007

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1/2/2008

Insurance in Force tops $66 Billion - Monthly, Yearly Sales are Best Ever

Knights of Columbus life insurance in force reached $66.1 billion at the end of 2007, setting a new all-time record, Supreme Knight and Chief Executive Officer Carl A. Anderson announced Jan. 2. It was the seventh consecutive year of insurance sales growth for the Order.

“The year 2007 was a very strong year for us,” Anderson said. “Not only did we set a new record for insurance in force, but it was a record year for life insurance sales, which totaled $6.564 billion. And December 2007 was our best month ever, adding $864.1 million of new life insurance coverage for our members and their families. Our insurance sales for December 2007 exceeded the amount sold during the entire year in 1978.”

“I am very proud of our 1,300 field agents and 130 general agents, who worked so hard and so effectively to help Knights protect their families and build financial security,” Anderson continued.  “Our founder, Father Michael J. McGivney, believed strongly that we should provide every Catholic man with the means to protect his family from financial ruin by offering a sound, professionally-run life insurance program.  The size and strength of our insurance program is a worthy testament to his far-sighted vision.”