It began with a commitment… Continued through field service… Renown for performance.
Our KofC Insurance Field Agent for Council 11076 is:
James J. Welter, FICF 1205 Hyman Avenue, Hendersonville, NC 28792-2521 Phone (828) 696-8452 Cell: (828) 329-1391 Fax: (828) 698-8452 email: james.welter@kofc.org or j.welter@mchsi.com
Please contact Jim to find out more about the KofC Insurance benefits.
Knights of Columbus INSURANCE Making a difference for life
Help in time of need along with shared bonds of faith and fraternity, that's what Fr. Michael J. McGivney promised prospective members in 1882. Today more than a century later, life with dignity and pride is an attainable goal within the framework of this Catholic family fraternal service organization, thanks to the remarkable success of the Knights of Columbus Insurance program. With more than 49 billion dollars of insurance in force, we are recognized among the top 5 percent of the 2000 companies in North America. Some of the reasons behind our phenomenal ongoing growth are:- Security. AM Best rates us A++, while Standard and Poors rates us AAA, which are the highest ratings any company can achieve. We also carry the IMASA designation (Insurance Marketplace Standards Association), for ethical marketing. Only 6 of the 2000 insurers have received all three designations in 2003.
- Profits. The Knights of Columbus profits are distributed back to its members in the form of dividends and are donated to the countless charitable works financed and supported by the Knights.
- Familiarity Factor. The Knights of Columbus Insurance is sold by qualified and highly trained Knights of Columbus Agents, to fellow members of the Order and their families. All of our agents are on schedule to received their degree as a Fraternal Insurance Counselor. Many have completed Life Underwriters Training Course and several have their Fellowships. Your K of C representative is a fellow Knight whom you see at Mass, the one who helps the council with memberships, and one who deals only with our members and their families.
We know that you probably did not join the Knights of Columbus to buy insurance, although there are people out there who did join the Knights for
that reason. Chances are you joined because of the aid we give fellow men through our programs. Every one has insurance needs, and for good
reasons we would like to see you fill those needs with us. It benefits you, your family, the church and of course our Order. But above all, I ask that
you do not let your benefits in the K of C die with you. As an insurance member, we can continue to offer those same benefits and service and help
to your widow. As an associate member we can only offer sympathy. Become an insured member. The Primary Goal of the Knights of
Columbus: "To render financial aid to its members and beneficiaries of members" taken from the Knights of Columbus charter.
This is the responsibility of the Council’s Field Agent. It is his job to inform each member and his family about the insurance benefits offered
by the Knights of Columbus. Your agents name is in the Wisconsin State Directory. If none is listed for your Council, contact your General Agent
who is also listed in the State Directory.
FACTS ABOUT OUR INSURANCE PROGRAM
- The Knights of Columbus has over 49 billion dollars of life insurance in force.
- The Knights of Columbus is ranked in the top 5% of life insurance companies doing business in North America.
- Rated AAA (superior) Standard and Poor’s. (11 consecutive years)
- Rated A++ (superior) by AM Best’s (25 consecutive years)
- IMSA Designation (Insurance Marketplace Standards Association)
- The Knights of Columbus has paid out more than 317 million dollars in dividends to our policyholders in 2003 alone.
KNIGHTS OF COLUMBUS PROGRAMS
PERMANENT PLANS—Starting in 2004 all permanent plans over $50,000, new or in force, will attain an accelerated benefit option whereby part of the face amount can be advanced to the insured if death is anticipated in 12 mos. or less. (Dualife excluded)New Member Plan
- Whole life, level coverage, cash value insurance for the new member and his wife for only $50 a year.
- Issue ages 18 to 65
Whole Life
- Cash value, level death benefit, dividend participating, level premiums payable during the lifetime.
- Issue ages 0 to 75
- A Whole Life plan with premiums payable to the registration date nearest the 95th birth date.
- Cash Values generally are higher than the regular Whole Life plan.
- Issue ages 18 to 70
- A Whole Life plan with premiums payable for 20 years.
- Issue Ages 0 to 70
- A Whole Life plan with premiums payable to contract date nearest the insured's 65th birth date.
- Issue Ages 0 to 54
- A PAID UP Whole Life plan for which cash values are immediate and dividends are payable at the end of the first contract year.
- Issue Ages 0 to 70
BLENDED PROGRAM
The Discoverer- A combination of Whole Life and Term and Paid Up Life insurance (dividend additions).
- As the paid up life insurance increases, the term insurance decreases.
- The plan is designed to give large amounts of protection, with great values, at low cost.
- Issue Ages 0 to 75
- Minimum $50,000
TERM PROGRAMS
Annual Renewable Term- A policy with premiums for one year.
- Renewable each year at a new rate.
- Low cost coverage with no cash values.
- Issue Ages 18 to 65
- A low cost policy with premiums for 5 years.
- Not renewable and no cash values.
- Issue Ages 18 to 64
- $100,000 minimum
- A plan for a specified period where the death benefit decreases.
- A good program for mortgage protection.
- Issue Ages 18 to 60
- Minimum $25.000
- A nonrenewable term plan designed for children
- Issue Ages 0 to 21
- 5, 10, 15, 20-Year Renewable Convertible Term
- A policy with premiums for 5, 10, 15 or 20 years.
- Level coverage, renewable and convertible.
- Issue Ages 18 to 65
- Minimum $100.000
- Preferred rates for amounts $250,000 and up for those who qualify.
ANNUITY PLANS
Flexible Premium Annuity- Designed to accumulate retirement monies for the purpose of providing lifetime income.
- The initial premium is $300.00.
- Interest is tax deferred.
- Developed to provide immediate life time income while systematically liquidating retirement monies
- An initial premium of $5,000 is required.
- A savings plan to set aside money for retirement.
- Payments are not tax deductible
- Earnings are tax deferred and tax free upon withdrawal (if certain conditions are met).
- A savings plan to set aside money for retirement.
- Payments are tax deductible
- Earnings are tax deferred.
- An easy to understand and administer pension plan for small employers.
- An employer sponsored, salary reduction retirement plan for the employees of public educational institutions and tax-exempt organizations.
- Premiums paid to a TSA are excluded from the employee's current gross income.
- Earnings are tax deferred.
- Introduced year 2000.
- A policy to cover the costs of certain types of nursing home and or home healthcare services.
- A tax qualified plan with regard to benefits and premiums.
- You choose daily benefit amount, benefit period and elimination period.
- Available ages 40 to 85.
- Riders available including return of premiums
RIDERS
The Knights of Columbus has almost as many riders as it has programs. This is where the importance of the Field Agent comes in. He is trained to help the member determine his needs and choose the type of plan best suited for his needs and his budget. As a member Family Fraternal Benefits are available.- Up to $2500 accidental death benefit for member & spouse.
- $5,000 life plan for uninsurable new born in first 61 days.
- $5,000 rated life plan for uninsurable child 61 days to age 18.
- $5,000 @ Standard rates for mentally retarded child in good health between ages 3 and 18.
- Death benefit for still born child after 20 weeks.
- Death benefit for death of infant during first 61 days.
- Orphan benefits and educational grants.
- Accidental death benefit (based on years of service) payed to family of military killed while serving in Afganistan or Iraq during Operation Iraqi Freedom.