The Knights of Columbus Guarantees (reprinted from Knightline)
MN KC Blog * Written by Jim Mikelson
These days, in the midst of a volatile market and an unsettled economy, there’s too much left to chance. In an ideal world, every product would come with clear-cut guarantees that would put you at ease and eliminate the guesswork, or at least some of it.
The reality is that guarantees are 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 when you do business with the Knights.
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.
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.
We guarantee a minimum interest rate on your retirement annuity.
Your retirement is not something worth leaving up to chance. A Knights of Columbus annuity can help to remove some of the uncertainty. Your contract includes a guaranteed interest rate that you will continue to earn for the life of the contract. The actual rate you earn may be greater than that – and often is – but it will never be lower.
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.
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 5 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.
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.
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 are the principle reasons why we have earned A.M. Best’s highest financial strength rating, A++ (Superior), for 41 consecutive years.
We guarantee not to invest in companies that 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. Father 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.