June 19, 2017 | Leave a comment Protect your family with life insurance through Knights of Columbus Insurance. INSURE YOUR LIFE FOR LIFE – Permanent Life Insurance AFFORDABLE PROTECTION FOR TEMPORARY NEEDS – Term Life Insurance INSURE YOUR LIFE FOR LIFE What is it? Permanent life insurance is our signature product. It provides money to your family when you die, and builds cash value while you live. It’s guaranteed. It’s secure. It’s dynamic. Who needs it? Permanent life insurance is a great way to provide security for your family. It may be an ideal solution for people who are interested in: Providing money for final expenses so your family doesn’t have to. Replacing income so that your family’s financial life doesn’t have to change in case you pass away suddenly. Providing college funds for your children in case of an untimely death. Protecting your spouse from the burden of a mortgage in the event of the unexpected. Giving a donation to a charity or special interest. Supplementing an estate or mitigating estate taxes. How does it work? 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. All Knights of Columbus permanent life insurance policies (with the exception of Graded Premium – see below) have premiums that are guaranteed not to increase, so you won’t have to worry about any surprises. Our permanent life insurance policies also accrue cash value over time. 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. Additional paid-up insurance increases your policy’s death benefit and cash value. 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. Contact me today to learn more about our permanent life insurance products, and about the safety and security that we can help provide. Learn more at KofC. AFFORDABLE PROTECTION FOR TEMPORARY NEEDS What is it? Term life insurance provides affordable protection to your loved ones for temporary needs. It’s simple and straightforward. Who needs it? Knights of Columbus term life insurance may be an ideal solution for people with time-bound financial obligations who are interested in: Protecting your young family on a tight budget. Shielding your family against the remaining payments on your mortgage, so that they aren’t drowning in debt or forced to move if you die unexpectedly. Supplementing or replacing your income in case you die, so that your family can continue to live with the same level of financial comfort that they did when you were alive. Providing funds for your children’s college education in case of the unexpected. Enabling your loved ones to pay off your personal debt – like credit card or auto loan debt – should you pass away suddenly. How does it work? Knights of Columbus term insurance is designed to provide you with a maximum amount of coverage at affordable and competitive rates. Unlike permanent insurance, term insurance is temporary and is designed to expire as your financial obligations expire. Our term insurance rates are guaranteed for the life of your policy, as is the amount of money that would be paid to your family should you pass away. Term insurance is also convertible. Depending on how you and your Knights of Columbus field agent customize your term insurance policy, you can convert some or all of your insurance to permanent coverage at a later date, without providing further proof of insurability. So, if your health changes and you have an active term policy, you can secure permanent coverage that you may have otherwise have been denied. Contact me today to learn more about our term life insurance products, and about the safety and security that we can help provide. Learn more at KofC.