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.

What is it?

An annuity is a retirement savings product. You make contributions, and, after a specified amount of time, the annuity pays you a regular income stream.

Who needs it?

There are few financial matters we give more thought and attention to than our retirement. Everyone thinks about it. Everyone needs it.

Retirement annuities help you ensure that you have enough money to live on in retirement.

But retirement income can be a difficult thing to calculate, especially with a changing landscape of federal and employee-provided benefits. With a properly structured retirement annuity from the Knights of Columbus, you can have retirement income that you cannot outlive, guaranteed.

Retirement annuities provide security and peace of mind that people of all ages and financial circumstances can benefit from.

What is it?

Long-term care insurance helps you pay for your extended medical needs in a nursing home facility or in the comfort of your own home.

Who needs it?

Long-term care insurance should be an important part of every family’s planning. While we’d like to think that we will never need long-term care, or that we could easily afford it the statistics suggest otherwise:

• 70 percent of people over age 65 will need some type of long-term care services during their lifetime.
• 3 years is the average duration of long-term care needed per individual.
• $91,250 is the average annual cost of private nursing home care.
• $80,300 is the average annual cost of at-home nursing care.

What is it?

Disability income insurance helps replace lost income when you are unable to work due to a disability resulting from an illness or accident.

Who needs it?

Disability income insurance helps protect your most important financial asset – your paycheck – so it should be an important part of every family’s planning. Long-term disability is much more common than other unfortunate circumstances that are commonly covered by insurance. Consider the fact that you face a 1 in 100 risk of losing your home to a fire, but a 1 in 4 risk of suffering a long-term disability.

Despite the odds and the prevalence of long-term disability – nearly 11 million Americans are receiving federal disability benefits – more than 100 million Americans are without private disability income insurance. In addition, any disability income insurance you may have through your employer may very well be insufficient or contingent on certain circumstances (like worker’s compensation).