Insurance Q & A
Do I need life insurance?
Yes, the chances are you do need life insurance, whether it’s for paying funeral expenses, replacing income, providing money for your child’s education, protecting your home or many other reasons. Unfortunately, too many people don’t know the value of a term or whole life insurance policy and go without any or adequate coverage. Check out our life insurance calculator on the Home Page to see where you stand.
Is the Knights of Columbus Financially Strong?
Yes. The Order is one of the strongest organizations from which you can purchase insurance. Our margin of safety is among the best in the industry. The Knights of Columbus annually receives the highest ratings given by the A.M. Best Company and Standard & Poor’s.
What exactly are dividends?
Dividends are the divisible surplus the Order has left over after paying expenses and setting aside the necessary amounts to assure that future benefits are fully funded. Dividends develop from favorable experience, such as people living longer than expected or from interest earnings higher than those guaranteed in their policy. Remember, the payment of dividends cannot be guaranteed.
If I have questions about my insurance policy, or have an interest in learning more about the products the Order offers, whom should I ask?
Field Agent Bob Olivas will be happy to answer your questions, even if you're not currently a policyholder. Bob is also a 4th Degree Knight in Assembly 1577 and a member of Council 6016. Give him a call today at (800) 236-0504.