Life Insurance, like investments, needs to be managed. Think about reallocating your insurance portfolio. You have the opportunity to convert your temporary coverage to a permanent plan of insurance. Permanent life insurance is just what it says – permanent. Once you are approved for coverage, your policy cannot be canceled due to poor health. The advantages of permanent insurance are numerous: fixed level premiums, lifetime coverage, guaranteed cash value, non-guaranteed dividends (in 2008 over $372 million in dividends where paid out by the Knights of Columbus permanent life insurance products).
Fixed level premiums on permanent plans do not increase as you age. Because of this, permanent insurance is often less expensive than term over the life of the policy. Permanent insurance earns cash value you can use any time, for any reason, in the form of a loan against your policy. You have the option of paying the cash back (keeping the full death benefit in place) or not (death benefits will be reduced). Knights of Columbus permanent policies also earn (non-guaranteed) dividends, which can be reinvested to help pay the policy premiums.
The Knights of Columbus has a strong Life Insurance program that consistently rates at the top of the industry. We are one of only 5 companies in North America to be rated A++ by the A.M Best Company, AAA by Standard and Poors, and a member of the Insurance Marketplace Standards Association. We have never been downgraded in our ratings.
Call for specifics on securing coverage for your entire family, and most importantly, for yourself and spouse. I can furnish details.
Vivat Jesus,
Bryan Tuschen
Field Agent
706-831-1755
Bryan.tuschen@kofc.org
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