These days, in the midst of a volatile market and an unsettled economy, there’s much left to chance. Nothing seems to come with clear-cut guarantees. Life is full of surprises. Guarantees are, quite simply, hard to come by.
But not for the Knights of Columbus.
Here are eight guarantees from the Knights of Columbus that you and your family can count on.
1. We guarantee the cash value in your whole life insurance.
The beauty of whole life — or permanent — insurance is that it is truly permanent. It’s a way to insure your life for life. That’s true not only of the death benefit but also of the cash value, which is guaranteed, provided that you continue to pay premiums according to the contract.
2. We guarantee the rates on your level term insurance.
Our level term policies are predictable. Your rates as laid out in your contract will not change. No surprises — just reliable, affordable coverage.
3. We guarantee a minimum interest rate on your retirement annuity.
Your retirement is not something worth leaving up to chance. And a Knights of Columbus annuity can help remove some of the uncertainty. Your contract includes a guaranteed interest rate that you will continue to earn for the life of the contract. Based on the interest rate environment, and, if approved by the Board of Directors, your annuity may pay more than the minimum.
4. We guarantee the principal on your retirement annuity.
Not only will the rate on your Knights of Columbus retirement annuity never fall below your guaranteed minimum, the principal in your Knights of Columbus annuity will never decrease, guaranteed. If you put $10,000 into your annuity, the value in your account — before you begin to withdraw funds — will never drop below $10,000. If you put $20,000 in, it will never drop below $20,000. Quite simply, unless you execute an early surrender or withdrawal, you will never lose money on a Knights of Columbus annuity.
5. We guarantee an income stream for life.
With a properly structured Knights of Columbus annuity, you can be assured of a guaranteed income stream for as long as you live. Whether you live five years, 15 years or 25 years into retirement, by working with your Knights of Columbus field agent, you can be assured that you will have guaranteed income during each of those years.
6. We guarantee high-quality, professional services.
We’re not just an insurance company — we’re an insurance company for brother Knights, run by brother Knights. We pride ourselves on the quality of service that we provide to members and their families. Our dedicated, full-time professional agents will be there for you and your family whenever you call on them.
7. We guarantee not to purchase “junk” bonds or derivatives.
We do not take our brother Knights’ financial futures lightly. We invest carefully and make business decisions motivated not by profit or greed, but by service and commitment. Our safety, security and fiscal responsibility have helped us earn recognition for our unmatched financial strength among fellow life insurers. According to S&P Global Ratings, the Knights of Columbus is tied for first for financial strength among all rated life insurers in North America.
8. We guarantee not to invest in companies that directly deal in abortions, contraception, human cloning, embryonic stem cell research, for-profit health care that pays for any of the aforementioned, and pornography.
The Knights of Columbus is Catholic both professionally and fraternally. Our faith informs our work at every level, including the evaluation of each investment we make. Our founder, Father Michael McGivney, wouldn’t have wanted it any other way.
The Knights of Columbus should be different than all other insurance companies — and we are. We are looking out for you in a way that no other company can because we’re your brothers.
So join the hundreds of thousands of brother Knights who have chosen to help protect their future with the Knights of Columbus. Talk to your agent and see what options are available to you and your family.
To find your agent, visit www.kofc.org/findagent or call 1-800-345-5632.
Originally published in a special bi— weekly edition of Knightline, a resource for K of C leaders and members. To access Knightline’s monthly archives, click here.