Fraternal Benefits

 

Dan Falstad,  KofC Field Agent

(612) 310-5254, dan.falstad@kofc.org

September  2020 Note

New members are the life blood of our Order! New members give the council they join more manpower to accomplish the good works that the Knights are known for across the world. It  gives the new member an opportunity to give back to his community & help his fellow man & maybe just as importantly, it infuses the council with new & fresh ideas. But it is up to us to let those potential new members know what benefits they are missing by not joining us. So invite someone today. Let them know our approach to membership which can be summarized in four points:

  • LEAD WITH FAITH – becoming a better Catholic man, father, & husband through prayer, study & encouragement from fellow brother Knights.
  • SERVE OTHERS – This is where our council excels. Let them know about our Coats for Kids programs, the support for the Special Olympics, the Global Wheelchair Mission, & the Ultrasounds Initiative. They have heard about these programs & should be excited to get involved
  • DEFEND YOUR VALUE – From the March for Life to Christian Refugee Relief to the Ultrasound Program, new members can get involved in issues that are close to their hearts & have a dramatic impact on our hurting world.
  • PROTECT YUR FAMILY – This includes the Consecration to the Holy Family, our Family of the Month & Year & of course the protection afforded by our Order’s highly rated insurance & saving products. Feel free to use the access to our insurance programs as a recruiting tool. Allow young families that need coverage to benefit from the Knights of Columbus policies while learning more about the fraternal side. Give any Catholic my name & number for free, no obligation quotes for their life or long term care insurance needs.

With so much good, why can membership be a challenge? Maybe it’s been my approach. I often assumed other men would want to join to help us, the council. But shouldn’t I be inviting men to join to help them? Help them along in their faith journey…help them discover the joy of being of service to others…help them become a better Catholic man? So the next time you ask a Catholic man about joining the Knights tell him about why you joined, what it’s meant to you, how you are better for it & how you hope you’ve made the world just a little bit of a better place because of your membership in the Knights. Then ask him what he’s looking for…I think no matter what he says, we’ll have a solution for it…right here in this council.

 

August 2020 Note

There are many financial consultants & retirement authorities who emphasize the need for a long-term care (LTC) product for estate preservation & family protection. And those that don’t may be shortchanging their clients by allowing a major risk to go uncovered. You owe it to yourself to at least get the details on leaving the legacy you want without the risk of your estate being depleted by your end of life care.

There are three main reasons for Long Term Care:
• Protect your Assets: Transfer the risk of catastrophic loss so you don’t have to spend down your nest egg. Allow your estate to be used in the manner you intend.

• Choice of where you go: LTC coverage can completely cover expected costs or provide a meaningful supplement which gives you the flexibility to decide where you will receive needed care.

• Not be a burden on your family: Do you want to live with your kids or be forced into the lowest cost provider in these uncertain times?

You may think or have heard that long term care insurance is too expensive. I would argue that compared to your piece of mind LTC premiums can be a real bargain. Call me today for a no obligation look at the details of a long term care program customized for you. You may be surprised at how affordable a benefit package can be. And you will never be pressured to take the coverage if it doesn’t fit your budget for the long term.

I plan to hold long term care information sessions in the coming months via Zoom video conferences for 4 to 5 couples at a time. If you receive an invite feel free to log on & hear about what the Knights offer & how it can transfer your risk of an uncomfortable retirement. If you want an invitation early or would like the presentation one on one please call me immediately.

July 2020 Note

The world is slowly beginning its return to the way things were – at least as much as it can. It’ll likely be months before we know what normal looks like now. It’s hard to know what change is permanent, & what changes will prove temporary.

Not everything is fluid though. I am struck by the resilience of the permanent things – our faith, our fraternity, our families. I’m sure you’ve seen the tremendous ways in which the Knights of Columbus in particular has proven itself equal yet again to this current challenge. Whether it was the establishment of the ‘Leave No Neighbor Behind Initiative’, or the launch of the diocesan loan fund, or just the every-day, every-city response of councils across the globe, we have responded as we always do: swiftly, powerfully.

Sure we’ve had to cancel some things. We’ve had to have some virtual meetings. We’ve had to stay a safe distance apart. But our distance hasn’t diminished our unity, nor has it changed our impact. I continue to be proud to be a part of this great organization – especially in moments like this. And I know you are too.

That’s why, for me, being financially committed to the Knights is such a point of pride. We all need life insurance. We all need to plan for retirement. We all need to think about & prepare for life’s “what-ifs”. But when it comes time to decide who to make those preparations with, & who to choose to buy those products from, we can choose to spend our money with the company who establishes a multi-million dollar loan funds for Catholic dioceses in their most desperate time of need, or we can go another route. We can choose to buy our insurance from a company who leaves no neighbor behind, or a company who has no real concept of who their neighbor is. We can prepare for our retirement with a company whose members are – once again – setting an example of true Christian charity for all to follow, or we can go in a different direction.

I would challenge you, whether you’ve never inquired or its been a long time – to take a fresh look at the Knights of Columbus as a trusted financial partner & see what products & services we may have that might help you & your family. As we all start to get back to things, I can meet with you in person or by video, whichever you prefer, & we can have stress-free, no-commitment conversation about the possibilities.

It’s a way to further your commitment to all that we stand for, & – at the same time – obtain some much needed peace of mind in
times like these.

June 2020 Note – Part 1

In 1882, Father McGivney outlined the three grades of death benefits ($500, $1,000 and $1,500) as well as the “Sick Benefit Deposit, from which a member in good standing may draw (a maximum) of five dollars per week for thirteen weeks, the amount there after, if sickness continues, to be regulated by the Council to which the member belongs.”1 Father McGivney knew the importance of protecting income from an unexpected illness or injury. That is why in 2011 the Knights of Columbus developed Income Armor Disability Income insurance as an instrument designed to provide replacement income in the event of an illness or injury. The Income Armor Disability Income Insurance provides you the opportunity to protect perhaps your greatest asset – your ability to earn an income. In the 135 years since, the Order has grown to include life insurance, disability income insurance, long-term care insurance, and retirement products. Give me a call today at 612 310-5254 and join the many other Catholic families who have benefits from Knights of Columbus.

June 2020 Note – Part 2

As a father, you worry about your children and do everything you can to protect them. Many of you have purchased life policies from the Knights or are contemplating such coverage. If you have taken this important step don’t forget about the valuable benefits included with those policies, including the Guaranteed Purchase Option provisions.

When you insure a child, you are protecting his or her future. If you purchase a policy for your child from the Knights of Columbus with a guaranteed purchase option, it guarantees that more insurance can be purchased for that child at certain set dates, without proving insurability. When the child turns 17, and every three years around the time the young adult turns 25, 28, 31, 34, 37, and 40 you or they are able to increase their coverage without regard to any medical issues they may face now or in the future.

Take it upon yourselves to ensure your young adult children are taking advantage of these options. Many times the Knights are unable to maintain contact information for these insureds to allow us to contact them about their benefits. And as many of you know, some of these young adults do not realize the advantage of obtaining permanent life insurance at an early age. So help them out and encourage them to at least talk to me to consider the advantages of these options.

Contact me today to update the contact information for any of your children that you have policies on, or discuss the many policy options for child plans. Plans can be put in place which are paid up front with premiums on deposit or paid over10 or 20 year periods to be completely paid up with policy coverage for life. Grandchildren can also be covered and policies paid by the grandparents assuming the father of the child is a Knight or eligible to become one.

 

 

May 2020 Note

Most of you know me as your Knights of Columbus Field Agent but before that I’m a Brother Knight and as such I wanted to send you a quick note that reflects the posture of the Knights of Columbus and my own commitment to serve you and your family in these unprecedented times.

As a framework, I want to employ the five pillars that Supreme Knight Carl Anderson has pointed to as characteristics found in men who, in time of crisis, not only survive but lead.

First, we remain rooted in the truth of the faith. We pray for one another, for the sick and the dying, and for the Church and world. In this we remain true to Fr. McGivney’s vision of protecting families within the sure tracks of the Catholic faith.

Second, the Knights can be counted on to step into the breach. When disasters strike, the Knights are there with prayer and work, supporting first responders, providing shelter and assistance to those affected.  This time is no different. Working together, we remain united and strong.

Third, a Knight stays at his post. I understand that you have concerns about health, finances, job security, savings, retirement, and these have only increased in these days. I am here to help allay those concerns and to answer any questions you may have.

We are ready to suffer for the good. It has fallen to us agents and our Supreme Council leadership to roll up our sleeves and get to work so we can remain effective as we work remotely and maintain social distance. To that end, we are employing new technology that allows us to meet “virtually,” using a secure video conferencing software. It allows us to see each other, and to share a screen that features forms and other graphics.

Finally, a Knight maintains humble confidence. My commitment to you, our members and families, remains steady and is built not primarily on my qualifications but on the strength of our Order, which has grown and strengthened over more than 135 years. Our Order is strong and our guarantees remain in place.

 

April 2020 Note

As I have written in the past, you are never old to consider purchasing life insurance (unless you are over age 80 ½, then you are too old to purchase life insurance from the Knights). If you or your spouse wish to leave something behind to the church,  grandchildren, your favorite charity, or a caring friend, you can use life insurance to leave a legacy tax free to whomever you wish without the time and expense of updating your will, trust, or final plans.  

If you are in reasonably good health for your age you can obtain whole life policies of insurance through the Knights for single premiums of significantly less than the amount you would like to leave as a gift.  As examples, a $10,000 policy for a 70 year old male non-smoker carries a single premium of $6,713 while the same policy on a 75 year old female would run $6,817.  Your beneficiary will receive the $10,000 or more death benefit upon your passing tax free without these funds running through your estate.  You can also pay for these policies on a monthly or annual basis for a modest premium compared to the benefits of what you will leave behind.

The Knights recently began offering our Protector NLG Universal Life policy that is permanent insurance and with a lower premium than whole life, with the tradeoff being the death benefit will remain at the initial amount instead of growing like a whole life policy.  We have even more economical plans based on two lives, with the added benefit that one of the lives does not need to be insurable by underwriting.  These policies are a little too complicated to review in print, so please give me a call for any details on how I can help with personalized coverage and your estate planning.

If you wish to provide your spouse with the ability to access Knights insurance or annuities after you pass you must be an insurance member.  Call me if you need any type of insurance, or if you would like to open an annuity for as little as $300 and give her the peace of mind of knowing you were an insurance member.

 

March 2020 Note

I’m going to turn my column over this month to the District 52 deputy.  I couldn’t have made a better plug for the insurance programs offered by the Knights.  He writes:

I am excited about what is happening in our District and State!  We have gathered momentum and the Order is gaining visibility and impact in each parish, largely through collaboration with our priests.  We are standing on the threshold of a new phase, with a brand-new ceremonial to embrace and help the men of our parishes realize their Catholic identities in new ways with us.

Please do everything you can to encourage the men of your Council to meet with field agent Dan Falstad and seriously consider the contribution they can make to the work of the order by becoming insurance members of our Order!  Our many amazing charitable works and programs subsidized by Supreme, in which we share as members, are funded by the profits of our insurance program.  Not only do we benefit from the protection and financial stability offered by the products, our choice of who we are doing business with has real and lasting impact for the good of the Order and by extension, for the good of the world we are called to serve.  I have become more present to this fact recently and I encourage you to consider it yourself, whether you are an insurance member or not.  If you are not yet an insurance member, I encourage you to meet with Dan for your own good, for those you love and for the good of the Order.  If you are considering the financial legacy you could leave behind through a charitable trust or another such instrument, executing it with the Knights of Columbus will add to the good you are able to do through it, and the Order will benefit, however indirectly.

 

February 2020 Note

Almost everyone knows the Knights of Columbus as an organization. Many people even know members. But, too often, they don’t know what we really do.

They don’t know about the thousands of wheelchairs Knights give away, or the K of C-sponsored ultrasound machines. They don’t know that Knights are helping save Christianity in Iraq, or giving coats to children locally and internationally. They don’t know the countless ways you, your council, your brother Knights and your family join together in doing good for others.

Most people probably don’t know about the extremely competitive life and long term care insurance available through the Knights, or that we have a no-fee, interest rate competitive annuity with no risk of loss for your retirement savings.

People need to hear our story. And the success of sharing these stories starts with you, right now. Please introduce someone to the Knights and invite them to join us in our charitable mission or give them the opportunity to access our insurance products.

If you know of a prospect that could benefit from Knighthood or would be a great asset for the council, give them a call, or pass their name and number on to me at 612 310 5254.  We need to recruit to bring in the future of the order.

 

January 2020 Note

Have you made New Year’s resolutions this year?  And do you realistically hope to stay on track with exercising and eating better?  How about those resolutions to get the budget under control and make sure you have enough insurance to cover your family in case the unexpected occurs?  If you would like help with protecting your family financially give me a call any time for a free professional review of your insurance needs.  Within reason, you are never old to consider purchasing life insurance, and various types of life insurance can protect your loved ones in any stage of your life.  From paying off the mortgage to providing education funds in the event you pass unexpectedly, or providing a source of income in retirement, the Knights have products that can help you achieve your financial goals and provide peace of mind that your family will be protected.  If the children are on their own, you or your spouse may wish to leave something behind to the church, a grandchild, your favorite charity, or a caring friend, and you can use life insurance to leave a legacy tax free to whomever you wish without the time and expense of updating your will, trust, or final plans.

If you are financially set and are looking to leave a legacy for your children or others, have you protected that legacy with long term care coverage?  The Knights have some of the best plans in the country and you may find it surprisingly affordable for the peace of mind that it provides.

I look forward to discussing personalized coverage with you.  Call me anytime for details.

 

December 2019 Note

It’s not something any of us like to think about or plan for. But when the worst happens, it’s essential to know your family and loved ones are covered financially. That’s why it’s essential to have life insurance. A good life insurance policy can help cover the cost of a mortgage, childcare costs and safeguard your family from inheriting any debts you might have.  It can also replace the income that your family relies on to get through every month.

But the sad truth is, a shocking number of Americans do not have a life insurance policy and their family is at financial risk if the worst should happen.

The Knights have some of the best policies in the industry, and you can get free quotes by calling me any time.  I can provide you with quotes on any term or whole life insurance you wish, but it can be more meaningful if I can stop by your home and complete a life insurance needs assessment with you. People are shocked at how cheap an excellent policy is after requesting their free quotes. But the reality is, life insurance rates are at a 20-year low and thanks to new program policies you could qualify for a great new policy at an extremely affordable price.

Please give me a call to have a confidential discussion of your financial needs and to find out how economically the risk of covering those needs can be using life insurance.

 

November 2019 Note

I would like to address our younger Knights this month about the benefits of Long-Term Care coverage.  Younger is a relative term in the Knights, but if you are over 30 but less than 60 years old you should consider a long-term care policy with the Knights.  Many Knights over age 60 are relieved that they wisely obtained their policies at an earlier age or are ruing the fact they didn’t get coverage before it became cost prohibitive.

If you plan to retire with any assets and use those assets to benefit your spouse or family, you should have a long-term care policy.  The policies allow you to protect assets in the event you need assistance later in life with daily needs.  The Knights allow you to lock in a premium with an inflation rider that will adjust your benefits level to meet the costs in the future without additional outlays.  For a 30 year old you could purchase only $50 of daily benefit with a 5% inflation rider for a modest premium that will never rise and have a monthly benefit of $13,490 per month by the time you are 80!

Long-term care policies are underwritten based on your health, and you most likely will never be any healthier than you are today. Coverage is inexpensive at your current age compared to 5 to 10 years in the future.  And in my experience, anyone financially responsible that can budget for the cost of long-term care will eventually attempt to get a policy.  Give me a call today to get actual costs for the coverage needed to allow you to ensure you can live the way you wish in your later years.  Coverage also allows you to leave the legacy you want for your loved ones, without the risk that money you want to leave to them will go to the nursing home instead.

 

October 2019 Note

LTC Is an Important Piece of the Puzzle

There are many financial consultants and retirement authorities who emphasize the need for a long-term care (LTC) product for estate preservation and family protection. While many commercial life insurance companies have gotten out of the long-term care business, the Knights of Columbus considers LTC a very important piece of the family protection puzzle. The Order has been actively offering our members this product for nearly 15 years without a premium increase on current policyholders. Members who wisely purchased an LTC plan from the Knights in 2000 are still paying the same premiums today. Even better, our LTC coverage is backed by the full strength of the Order, which remains rooted in our strong Catholic values. Talk about stability when it counts.

If we have not spoken about your need for LTC coverage in your family portfolio, please take some time out of your schedule to meet with your agent.

Three reasons for Long Term Care:

            Protect your Assets; so you don’t have to spend down your nest egg

            Choice of where you go; don’t let the government or price decide

            Not be a burden on your family; do you want to live with your kids

Remember, long-term care policies are underwritten based on your health, and you most likely will never be any healthier than you are today. While long term care coverage is not inexpensive, it may be more economical than you think. Give me a call today to get actual costs for the coverage needed to allow you to leave the legacy you want for your loved ones.

 

September 2019 Note

You probably think estate planning is for the rich but that is a common misconception. Estate planning is for everyone who wants to make sure their assets go where and to whom they want while avoiding long, costly legal proceedings for their beneficiaries.

The first and easiest part of estate planning is deciding where you want your assets to go upon your death, and making sure those assets with designated beneficiaries have those designations up to date. So please review your life insurance policies, annuities, retirement plans and IRA’s/401(k)’s to make sure those assets will go to the parties you choose, whether it is a spouse, children, or charity. You can use this review to ensure you have the proper amount of life insurance and begin the process of consolidating your coverage with a few trusted companies to ensure a no stress payout to your beneficiaries when you pass.

Beyond beneficiary updates, you should seek professional help to ensure you have an updated will and/or trust which will facilitate the tax efficient transfer of your assets after they leave your control. That doesn’t need to be a costly process after you have the basics such as your will and living will in place. Call a financial professional with which you have a relationship, including myself as your field agent for the Knights of Columbus, for a no obligation review of your estate and receive suggestions on how to best position those assets for the future to ensure you will have the funds to enjoy your retirement and pass on those assets to your loved ones later on.

While you are at it ask your financial professional what the most tax advantaged asset is for passing on an estate to your beneficiaries. If the answer he gives you is not “whole life insurance” you should look for another financial professional who will give you straight answers to your questions.

 

August 2019 Note

You have seen and been one of the Knights around the parish in action.  But what does it mean to join the Knights of Columbus? It means you are part of the largest Catholic fraternal organization in the world – with nearly two million members just like you. Knights build each other up to become good stewards of our faith and help protect our families and communities. In addition to the camaraderie and good times we enjoy as a member of the Knights you are a:

PROTECTOR OF FAITH – Our Catholic faith is central to everything we do. We offer a wide array of e-books, articles and videos to members to help them and their families grow in their faith.

PROTECTOR OF THE DEFENSELESS – Our Catholic faith strengthens our pro-life values as we stand up for those most vulnerable.

BROTHER FOR LIFE – With over 15,000 councils around the world, there is a local brotherhood for you to join and grow with as you serve your community.

COMMUNITY LEADER – From helping the homeless to disaster relief aid to widely recognized programs like Coats for Kids, the Knights are always there when their communities need them most.

PROTECTOR OF FAMILY – We offer top quality insurance products exclusively to our members to help them protect their families.  The Knights offer whole life and term life insurance, disability income insurance to protect against the loss of a paycheck, and our top rated long term care insurance policies.  One of your local Brother Knights Dan Falstad is the local field agent for our council, and will be there to service your policy or help out your beneficiaries when the time comes.

 ADDITIONAL INSURANCE INFORMATION – As a fraternal organization we only offer our insurance products to members.  But agent Dan Falstad would be happy to meet with you and your potential recruits to review insurance needs whether you are a member or not.  And if they find that coverage through the Knights is the best option, they can be signed up with the Knights instantly.  Call Dan today at (612) 310-5254 or email dan.falstad@kofc.org to discuss your insurance needs or for assistance with signing up new members.

 All Catholic gentleman are eligible to join the Knights and there is no commitment outside of annual dues to participate in our charitable, social, and church related activities.  Please invite your Catholic friends to join us, and encourage them to get involved with the Knights and actively participate in all of our activities for the good of the parish and the community.  Carry a form 100 with you to sign up friends, or assist them in going to Knights.net to register on-line.  Your field agent and council officers will contact them shortly to move them into the council.

 

July 2019 Note

Within reason, you are never too old or too young to consider purchasing life insurance. If you or your spouse wish to leave something behind to the church, a grandchild, your favorite charity, or a caring friend, you can use life insurance to leave a legacy tax free to whomever you wish without the time and expense of updating your will, trust, or final plans.

The issue age of our permanent life insurance products was extended to age 80, and underwriting standards for risk and age apply. But if you are in reasonably good health for your age you can obtain whole life policies of insurance through the Knights for single premiums of less than the amount you would like to leave as a gift.  As examples, a $10,000 policy for a 70 year old male non-smoker carries a single premium of $6,713 while the same policy on a 75 year old female would run $6,817.  Your beneficiary will receive the $10,000 or more death benefit upon your passing without these funds running through your estate.

You are also never too young to obtain life insurance either.  A youth policy on a child (or grandchild if the father is a Knight) costs as little as less than $1 per month for every $1,000 face value of coverage.  This is whole life coverage which will be fully paid within 20 years and leave a lasting legacy for the child as well as provide insurance coverage for their entire life.

Young adults are normally at their healthiest and term coverage can be obtained for less than $200 per year which would be guaranteed convertible into whole life coverage with no additional medical underwriting.  This not only provides protection in case of death but ensures the ability to obtain coverage for the next twenty years while locking in their current health status.

I look forward to discussing personalized coverage with you.  Call me anytime for details.

 

June 2019 Note

From the beginning, the Knights of Columbus has been a family-first organization.  Father McGivney was striving to find Catholic men who could come together to protect and support the families in their communities who needed it most – including their own.  Today, the mission remains the same. And, as we celebrate Fathers’ Day here in the United States, it’s a great time to evaluate how we’re doing. Knights across North America continue to trust their Order to protect them and to see to it that their loved ones are well taken care of once they’re gone.  And the numbers keep increasing.  More and more members are preparing to leave behind legacies of protection for their loved ones.

But how are each of us doing on an individual level? How well protected are our families?  There are a lot of moving pieces and parts that go into calculating just how much your life is worth in dollars and cents. You’re worth far more to your family than simply a number on a page, of course, but you do provide for them.

Helping your family to prepare for life without you is one of the most selfless actions you can make.

So, this Fathers’ Day, as your family shows you how much they love you and how much you mean to them, show them how much they mean to you. Make an appointment with me for your custom analysis, and begin to build an insurance portfolio that will guarantee their protection after you’re gone.

Some of you may hold policies that your parents bought for you as a child from the Knights, MetLife, or Gerber.  If you are uncertain how those policies will be collectible upon your death please give me a call and I will show you some options that can increase your insurance and ensure prompt payout from a source you can trust with no out of pocket expense to you.

 

May 2019 Note

Many of you have taken the proactive step of purchasing whole life policies with the Knights sufficient to cover your final expenses or are at least considering this step.  If you are in relatively good health, you may be insurable at a significant discount to the face value of these policies which would then be available to cover your funeral costs whenever they occur.  The Knights will issue policies with minimums as low as $10,000, but you may want to consider a higher amount, or add an additional policy to cover funeral expenses.  Conventional wisdom was that a funeral ran $12,000 to $15,000, but recent examples seem to indicate prices are now higher.  Two basic funerals in the past month have been reported to me to have cost $18,000 and $19,000 respectively.

The Knights offer whole life policies up to age 75 and you have the option of making payments or contributing a onetime lump sum to secure the face value of the policy.  The Knights have recently added guaranteed issue policies of $10,000 up to age 65, and $5,000 up to age 70 which can serve as final expense policies or a supplement even if you are not insurable.

Whole life policies from the Knights can also be used to commit a donation to your church or favorite charity by naming them as beneficiaries, while leaving you in complete control of the funds should you need them later in life.  If circumstances change and you need funds from your policies later in life, you can cash in the policy or borrow against the cash surrender values and leave the balance to your beneficiaries.

Please give me a call today to review the coverage you currently have and to determine if it will be sufficient for what you are trying to accomplish.

 

April 2019 Note

Spring is right around the corner (or so we hope) and with it brings growth and a sense of renewal as the natural world awakens from its winter slumber.  We need to have the same reawakening with the councils as we move forward   We are all aging and we need to recruit some of the younger men from the parishes to continue and improve upon our work in the future.

If you would like to help out the councils after you can no longer participate physically, consider a legacy gift in the form of life insurance naming the council as beneficiary.  You can do this with any charity you wish and still have control of the funds while you are alive.

Whole life policies from the Knights would allow you to commit a donation to your council, church or favorite charity by naming them as beneficiaries, while leaving you in complete control of the funds should you need them later in life.  If circumstances change and you need funds from your policies later in life, you can cash in the policy or borrow against the cash surrender values and leave the balance to your beneficiaries.

If you are in relatively good health, you may be insurable at a significant discount to the face value of the policy you are considering.  You have the option of making payments or contributing a onetime lump sum to secure the face value of the policy.  If you are interested in exploring the options available for providing for your parish, council, or favorite charity, please give me a call today.

 

March 2019 Note

A few months ago I suggested you consider consolidating your 401(k) or IRA accounts into an annuity with the Knights.   If you would like to eliminate the hassle of eventually contacting and drawing on accounts from multiple employers or trustees, consider rolling them into a Knights annuity and have a local source to coordinate your retirement draws when the time arrives.  Knights of Columbus annuities have no fees that will detract from your investment returns.

I would like to further suggest that you open non-qualified annuities now in your own and spouse’s name to provide flexibility for funds in retirement.  These accounts can be opened for a minimum of $300 and sit idle while earning interest, and be available if you or a spouse eventually has funds to deposit from the sale of a home, life insurance proceeds, or required minimum distributions from your IRA accounts.  If these accounts are not established in advance, your spouse will lose the ability to open these accounts one year after your passing.

I am happy to meet with you – at your convenience and in your home – to explain in detail the benefits of opening a Knights of Columbus annuity, along with the benefits of our top-rated life insurance, disability income and long-term care insurance plans.

An added benefit if you open an account “just in case” in your name is that you become an insurance member of the Knights.  In addition to benefiting the council, being an insurance member gives your surviving spouse and children access to KC products after your death.  Why not take advantage of this no cost option.

 

February 2019 Note

Is your income protected if you become sick or injured and cannot work? Your ability to work and earn an income is your most valuable asset. Yet a disability could prevent you from earning that income. Just one year of a disability could eliminate your savings.

Income Armor, an individual disability income insurance product from the Knights of Columbus, should be a key part of your overall financial plan and family’s protection. If you think full income replacement is too costly, at least consider a supplemental plan such as a “GUM” plan, which would cover Groceries, Utilities and the Mortgage in the event you were off work.  And if you have coverage at work, you should consider a supplemental plan to make up for the shortfall accompanying these plans.

If you are ill or injured, Income Armor provides tax-free monthly benefits to help you meet living expenses and maintain you and your family’s standard of living. Your monthly benefits help you pay your mortgage and other monthly bills, while your savings and retirement assets remain intact.

In short, if you have a job and don’t have a way to protect that paycheck, you should seriously consider Income Armor today. I look forward to meeting with you.

January 2019 Note

April 15th (tax day) will be here before you know it. If you have gotten the jump on completing your taxes, or are still trying to organize your finances from prior years, give me a call for some professional advice. The Knights have very competitive annuity accounts that can be opened for traditional and Roth IRA contributions and rollovers to ensure you are not overpaying taxes. Our whole-life insurance plans can be customized to your needs to minimize taxes to you now as well as in your estate.

To organize your finances consider consolidating your 401(k) or IRA accounts into an annuity with the Knights. If you have had multiple employers or investment professionals, you may have retirement plans scattered all over. If you would like to eliminate the hassle of eventually contacting and drawing on all of those accounts, consider rolling them into a Knights annuity and have a local source to coordinate your retirement draws when the time arrives. Knights of Columbus annuities have no fees that will detract from your investment returns. We will handle all of the paperwork for you, and tapping your retirement savings will be only a phone call away.

I am happy to meet with you – at your convenience and in your home – to explain in detail the benefits of opening a Knights of Columbus annuity, along with the benefits of our top-rated life insurance, disability income and long-term care insurance plans.

 

December 2018 Note

There are many financial consultants and retirement authorities who emphasize the need for a long-term care (LTC) product for estate preservation and family protection. While many commercial life insurance companies have gotten out of the long-term care business, the Knights of Columbus considers LTC a very important piece of the family protection puzzle. The Order has been actively offering our members this product for nearly 15 years without a premium increase on current policyholders. Members who wisely purchased an LTC plan from the Knights in 2000 are still paying the same premiums today. Even better, our LTC coverage is backed by the full strength of the Order, which remains rooted in our strong Catholic values. Talk about stability when it counts.

If we have not spoken about your need for LTC coverage in your family portfolio, please take some time out of your schedule to meet with your agent.

Three reasons for Long Term Care:

  • Protect your Assets; so you don’t have to spend down your nest egg
  • Choice of where you go; don’t let the government or price decide
  • Not be a burden on your family; do you want to live with your kids?

Remember, long-term care policies are underwritten based on your health, and you most likely will never be any healthier than you are today.

You may think or have heard that long term care insurance is too expensive.  Call me today for free to find out all the details.  You may be surprised at how affordable to benefit package can be.  And you will never be pressured to take the coverage if it doesn’t fit your budget for the long term.

 

November 2018 Note

As we look at our fellow parishioners and councils we can’t help but notice we are all aging.  And knowing the measure of the men who belong to the Knights, I am positive each of you want to leave the word a better place after you leave this world.  This probably includes providing financial support to your parishes or councils after you pass.  But many of you are reluctant to commit to this support given the possibility you may need these funds to live on or provide for surviving spouses or children.

Whole life policies from the Knights would allow you to commit a donation to your church or favorite charity by naming them as beneficiaries, while leaving you in complete control of the funds should you need them later in life.  If circumstances change and you need funds from your policies later in life, you can cash in the policy or borrow against the cash surrender values and leave the balance to your beneficiaries.

If you are in relatively good health and under age 80 you may be insurable at a significant discount to the face value of the policy you are considering.  You have the option of making payments or contributing a onetime lump sum to secure the face value of the policy.  As examples, a $10,000 policy for a 70 year old male non-smoker carries a single premium of $6,713 while the same policy on a 75 year old female would run $6,817.  Your beneficiary will receive the $10,000 or more death benefit upon your passing without these funds running through your estate.

If you are interested in exploring the options available for providing for your parish, council, or favorite charity, please give me a call today.

 

October 2018 Note

As we look at our fellow parishioners and councils we can’t help but notice we are all aging.  And knowing the measure of the men who belong to the Knights, I am positive each of you want to leave the word a better place after you leave this world.  This probably includes providing financial support to your parishes or councils after you pass.  But many of you are reluctant to commit to this support given the possibility you may need these funds to live on or provide for surviving spouses or children.

Whole life policies from the Knights would allow you to commit a donation to your church or favorite charity by naming them as beneficiaries, while leaving you in complete control of the funds should you need them later in life.  If circumstances change and you need funds from your policies later in life, you can cash in the policy or borrow against the cash surrender values and leave the balance to your beneficiaries.

If you are in relatively good health and under age 80 you may be insurable at a significant discount to the face value of the policy you are considering.  You have the option of making payments or contributing a onetime lump sum to secure the face value of the policy.  As examples, a $10,000 policy for a 70 year old male non-smoker carries a single premium of $6,713 while the same policy on a 75 year old female would run $6,817.  Your beneficiary will receive the $10,000 or more death benefit upon your passing without these funds running through your estate.

If you are interested in exploring the options available for providing for your parish, council, or favorite charity, please give me a call today.

 

September 2018 Note

Knights of Columbus life insurance offers something precious few other financial products can – guarantees. As long as you pay your premiums, the policy proceeds will be there for your beneficiaries should something happen to you. That’s peace of mind, and that’s what we offer with every product in our portfolio.

We guarantee the cash value in your whole life policies will be there.

We guarantee the rates on your term insurance.

We guarantee the rate and your principal in our retirement annuities.

On top of those product guarantees, I guarantee that I will offer professional, high-quality service that you would expect from our organization.

Our Order is among the highest rated life insurers in North America. AM Best has rated the Knights of Columbus “A++, Superior” for 40 consecutive years. It’s a testament to our track record for excellence and security.

I would suggest that a principal reason that we were able to achieve those accolades is because we remain steadfastly committed to the vision of Venerable Father Michael J. McGivney by providing life insurance by brother Knights for brother Knights.

That commitment is an essential core value of the Knights of Columbus, and our core values permeate all levels of our organization. We pledge to serve our brother Knights, and their families, according to our Golden Rule: “In all my professional relationships, I pledge myself to the following rule of conduct: I shall, in light of all conditions surrounding those I serve, render that service which, under the same circumstances, I would apply to myself.”

Let’s talk soon to discuss how our products can bring that peace of mind to you and your family.

 

August 2018 Note

Men have a special responsibility to protect their loved ones and provide for the future, but it may be difficult to know where to begin. We’ve made it simple, by laying out 5 questions everyone should know the answers to:

How does life insurance work?
By purchasing a life insurance policy and paying premiums you ensure that when you die, your beneficiary (or beneficiaries) will receive a lump sum, also known as a death benefit, or an income stream for up to the rest of their lives.

What is whole life insurance?
Whole life insurance is a permanent life insurance product that provides money to your family when you die, and builds cash value while you live. Permanent life insurance is guaranteed and a great way to provide security for your family.

What is term life insurance?
Term insurance provides affordable protection to your loved ones for temporary needs and is designed to expire as your financial obligations expire.

How much life insurance do I need?
Your life insurance needs depend on your current and future financial obligations. Working with a certified life insurance agent can help you determine how to best protect your family.  Call me today for a free, no obligation review of your needs and opportunities.

Why protect your family with the Knights of Columbus?
The Knights of Columbus Insurance program offers members and their families access to top quality products from a company with the highest financial and ethical ratings in the country. Built on Catholic business principles, the Knights of Columbus has more than 130 years of experiencing helping to protect families when it counts most.

The Knights also offer excellent long term care coverage and disability income coverage to meet your needs.  In addition, our 100% guaranteed annuity products are available for your retirement savings needs.

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