In attempting to confirm receipt, we were told that the office was closed until the next week (so why the hurry?) I was told that checks were mailed on 1st and 2nd of December, but they haven’t yet arrived. I was graciously given 4 days to submit the correct (notarized!) forms and no agent was available to assist, otherwise KofC would refuse to “backdate” the surrender. After multiple inquiries to fix, and an notice of an automatic policy loan, I was told the agent failed to stop them and that the wrong (notarized) forms were submitted. The first set of forms was “wrong” and the agent I spoke with failed to stop the premiums. I have repeatedly submitted forms and inquiries through my agent, and jumped through multiple hoops (to include a “retention” call from an agent in my area, after being told there was no agent in my area to handle the forms that needed an agent or notary!). *Surrender charges may apply to withdrawals and early surrender of the Survivorship Universal Life policy.I have been attempting to surrender/cash out my life insurance policy since September (it is now December). There are a number of special features and benefits – often called riders – that are available on Knights of Columbus products that can enhance a policy in a variety of ways.Ĭontact your Knights of Columbus field agent today to learn more about our permanent life insurance products, and about the safety and security that we can help provide. You can have more than one beneficiary, and can divide up the proceeds proportionally. You decide who you want your death benefit to go to: a spouse, children, family, a trust, or even charity. Graded Death Benefit Whole Life-No underwriting (limited underwriting in Canada) required for this final expense product. Often used by couples for estate planning, estate conservation or estate equalization. Survivorship Universal Life-A policy that insures two lives, has flexible premium payments and pays at the death of the second insured. Single Premium Whole Life-Secure protection and start your legacy with one, single payment. Selected when you apply, the payment period is fixed and guaranteed…precise and perfect for just about any life insurance planning need, even up to and through your retirement years. You choose how many years to pay premiums, with a five-year minimum payment period. Limited Pay Whole Life-Our flagship policy for maximum flexibility. The Knights Advantage Series of permanent life insurance products are flexible to fit your needs. Your policy’s cash value can be used as cash, either through a partial loan or a full surrender of the policy*, or as collateral. Additional paid-up insurance increases your policy’s death benefit and cash value. Should the policy be eligible for any dividends (which are not guaranteed), you can also elect to put those proceeds back into your policy by purchasing additional paid-up insurance. Our permanent life insurance policies also accrue cash value over time. Permanent life insurance – like all life insurance – is designed primarily to provide money (also known as a death benefit) to your designated beneficiary when you pass away – guaranteed.Īll Knights of Columbus permanent life insurance policies have premiums that are guaranteed not to increase, so you won’t have to worry about any surprises. Supplementing an estate or mitigating estate taxes. Giving a donation to a charity or special interest. Protecting your spouse from the burden of a mortgage in the event of the unexpected. Providing college funds for your children in case of an untimely death. Replacing income so that your family’s financial life doesn’t have to change in case you pass away suddenly. Providing money for final expenses so your family doesn’t have to. It may be an ideal solution for people who are interested in: Permanent life insurance is a great way to provide security for your family. It provides money to your family when you die, and builds cash value while you live. Permanent life insurance is our signature product. PERMANENT LIFE INSURANCE A Part of K of C's Suite of Insurance Products FIND AN AGENT JOIN Latest News Columbia Knightline Faith Response Social Media Hub.Join Donate Find a Council Store College Councils.Charity Insurance Invest Donor-Advised Funds Programs Scholarships Churchloan.Our Mission Our Faith Our History Supreme Officers About Membership Video Library.Permanent Life Insurance – Whole Life Policy | Knights of Columbus Skip to main content
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