The Discover combines the guaranteed cash value features of a whole life policy with the features of term life insurance (called Additional Protection Benefit). Working with your local K of C agent, you select the blend that's right for you. With the Discoverer, your premiums will be lower than a traditional whole life policy because over time the term portion of your Discoverer automatically converts to a permanent insurance, giving you affordable, whole life protection.
Find the Field Agent for your Council, or send an inquiry through our "Contact Window", and we will be glad to meet with you to provide a FREE Family Needs Analysis. Your Knights of Columbus organization is here to serve you with a variety of services and financial planning products. Staying true to the vision of our Founder, Father Michael J. McGivney, we continue to serve our members and their families. "Catholics taking care of Catholics" is what it is all about. No pressure or obligation. Why not contact us and find out how protected your family is?
Knights of Columbus Insurance | Whole Life | Single Premium Whole Life | 20 Payment Whole Life | Whole Life Paid Up at 65 | Renewable Convertible Term | Term to Age 30 | Dual Life (Split Policy) Option | Long Term Care | Annuities | Beneficiary Verification |
Insurance Protection from a name you know. For nearly 125 years, the Knights of Columbus has assured the welfare of its members and their families. Today, we are recognized as a leading life insurer with a superior insurance program, offering permanent and term insurance, retirement annuities and Long Term Care plans.
Life insurance is more than protection. It is an essential component of a sound financial portfolio. Used in combination with investments, retirement, and estate planning, life insurance offers unsurpassed financial security for your family. Competitively priced Knights of Columbus Insurance products are tailored to best fit your needs, now and in the future.
Our lowest-cost permanent policy, designed for those ages 1 - 75 who will need life insurance for many years. Premiums are paid throughout the lifetime of the insured and remain the same, regardless of future health. This plan is participating and contains cash values.
You make only one initial payment to purchase a policy with lifelong protection and immediate cash values. Available to those ages 0 - 70. (US only)
Provides the same permanent protection as Whole Life for those ages 0 - 70, but you pay slightly higher premiums for only 20 years. After that, the policy is paid-up and coverage continues without additional premiums. This plan is participating and contains cash values.
An economical way to complete your premium payments, while guaranteeing protection throughout your lifetime. You pay level premiums that end on the annual contract date nearest your 65th birthday, but your coverage and cash value continue for the rest of your life. Available to insureds ages 0 - 54 in the US. (In Canada, available to men ages 0 - 46; women ages 0 - 47).
These term insurance plans offer coverage for ten, fifteen, and twenty year periods, with premiums required for the entire coverage period.
Premiums are intended to be level, but the Order reserves the right to change the amount of premium payments after the first year. These plans are available to insured applicants between the ages of 18 and 65, and the minimum coverage amount is $100,000. Those who apply for and receive $250,000 or more coverage may be eligible to receive our Premier Term or Ultra Premier Term rates. Your Knights of Columbus agent will be happy to explain the eligibility criteria for these reduced premium rates. Coverage may be converted to a permanent plan at any time within three years after the Register Date and prior to the annual contract date nearest the insured's 65th birthday while the contract is in force. Waiver of Premium and Accidental Death riders will be added to the new contract if requested, provided they are attached to the term contract at the time of conversion. Issue age of these benefits will be the same as the new permanent plan to which they are attached. If the policy is not issued in New York, conversion on an original age basis is also possible - your Knights of Columbus agent can provide details.
This term insurance plan offers coverage until the annual contract date nearest the insured's 30th birthday, with premiums required for the entire coverage period. This plan is participating, contains cash values and is available to insurable applicants between ages 0 and 21, and the minimum coverage amount is $10,000. Premiums are universal for all ages, and the death benefit is level for the life of the policy. Covrage may be converted to a permanent plan at any time prior to the annual contract date nearest the insured's 30th birthday while the contract is in force. Conversion can be for any level premium, level amount life plan available at the time of conversion. If the plan is converted prior to age 30, it is convertible up to the face amount. If converted at age 30, it can be for up to twice the face amount. Partial conversion is available provided that not less than $1,000 of term coverage is converted, and not less than $10,000 of term coverage is continued.
DuaLife is a second to die, or survivorship, life insurance program available from the Knights of Columbus. A single DuaLife plan covers two people, and the death benefit is paid upon the death of the surviving second person - which is normally when your estate will be taxed. For your loved ones, your passing will be a time of grieving and loss. In addition, estate taxes can diminish the value of everything that you've both worked so hard to accumulate over your lifetime. It's true that under current tax law a married couple usually won't have to pay these costs until the death of the surviving spouse. However, when that second death occurs, the cost can be enormous. In reality, everything you own may be included in the total value of your estate - your home, vacation property, business property, automobiles, etc. Consider what would happen to your heirs if they owe taxes on your estate. If no cash is available, they might be forced to liquidate assests to pay estate taxes - possibly at a fraction of their true value. Fortunately, the Knights of Columbus offers a way for you to help your heirs meet settlement costs withour subtracting from the total value of your estate - with DuaLife. And each DuaLife policy comes with a Policy Split Option, which allows the insured to exchange this plan for two single Whole Life policies.
You've worked too hard to create the kind of lifestyle you enjoy. Many of us can expect to live a long life. In fact, the life expectancy of people has never been longer than today! While we can expect to live longer lives, the quality of that life can be another matter. In aging, some changes occur that can be anticipated, and some that are completely unexpected. In our 60's and 70's, tasks and activities that were once performed with ease might become increasingly difficult. Over time we may need more assistance with activities like getting dressed, or moving from a bed to a chair. We may acutely lose our health to a debilitating illness or accident - like a stroke. So, even though life expectancies have improved in terms of quantity, the quality of life, for some people can be expected to diminish during the golden years. Knights of Columbus Long Term Care insurance can help you cope with the cost of long-term custodial care - while maintaining your dignity and choice of care options. It's a great addition to the Knights of Columbus portfolio of insurance programs.
The beauty of our annuity products lies squarely in their simplicity and security. Simple from the standpoint that they are fixed in nature. They provide long-term accumulation of wealth, specifically designed for retirement needs. There are no hidden management fees, or annual charges, and liberal charges if you need the money, which are waived if monthly income is requested. Secure because they are backed by the Knights of Columbus, an organization that earns the highest rating 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 are 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.