The principal goals of the first Knights of Columbus, founded in 1882, were protecting immigrants and fighting xenophobia. The organization used to only serve male Knights of Columbus members, although it currently offers many types of life insurance.

Historically, members of the Catholic Order of Columbus have had access to charitable giving and Knights of Columbus long-term Care Insurance. Once they've met the criteria, members may choose the Knights of Columbus annuity from various life insurance plans. You can find more reviews like this one when you look into Knights of Columbus insurance online, but this is the best Knights of Columbus annuity review you can find! So, keep reading.

Life Insurance Options

You may find the Knights of Columbus's extensive life KCinsurance policy with various insurance plans listed below:

Protector NLG Universal Life

Knights of Columbus Insurance now offers the Protector NLG coverage among the many insurance plans. In addition to the lifetime coverage, there is a Lapse Protection Rider, an extra perk.

Single Premium Whole Life

Life insurance from the Knights of Columbus is an alternative to consider if you are concerned about paying your payments on time. Those with substantial disposable income can obtain lifelong coverage with a single large payment.

Annual Renewable Term

If your Knights of Columbus long-term Care Insurance has to be adjusted yearly due to changes in your coverage, you may do it with the Annual Renewable Term, another option. Nevertheless, selecting more comprehensive coverage can drive up the price.

Limited Pay Whole Life

According to your Knights of Columbus annuity option, a Limited-Pay Whole Life policy's premiums might be staggered over time. Prices are locked in after selecting a payment period, but you still need coverage for at least five years. Assuming you maintain prompt payment, your Knights of Columbus long-term Care Insurance will continue to protect you throughout your life.

Survivorship Universal Life

Through Life's Difficulties, signing the Knights of Columbus annuity and getting married grants you access to Universal Life benefits. If you and your spouse both secure life insurance, your loved ones may rest easy knowing they are financially covered in the event of your untimely demise.

Graded Deceased Benefit Whole Life

Being a US resident exempts you from the underwriting requirements for this ultimate expenditure coverage. It might be difficult to afford funeral or memorial service arrangements, but this insurance makes it easier.

Young Adult Insurance

This term plan makes affordable life insurance available to KOC members in the 1829 age range. The Knights of Columbus provides annuities and long-term care coverage that you may find valuable, regardless of your belief in the need for KCinsurance. Get quotes from at least three providers before settling on a financial package to ensure you receive the best coverage possible.

Available Life Insurance Riders

Conversion Policies

Whole-life and universal insurance may be converted to permanent coverage. This option activates after the policy's first term finishes or the insured turns 65.

Terminal Illness/ Disease

A terminal illness waiver, commonly included in health insurance policies, may accelerate a patient's mortality benefit if their prognosis is one year or less.

Illness To Immediate Death Benefit

This Knights of Columbus long-term Care Insurance supplement covers terminal illness costs and expedited death payments. With a qualifying chronic condition, you may earn a mortality benefit sooner or later.

Disability Waiver

If the insured becomes disabled before they reach 60, they will not have to pay premiums as per the Knights of Columbus annuity. This perk provides a complete exemption from paying the disability premium.

Spousal Waiver

The spousal waiver of premium riders allows one spouse to avoid paying a couple's permanent health KCinsurance premium. No premiums will be added if either spouse is born in the early years.

Guaranteed Purchase Option

Additional underwriting is no longer required when coverage levels are increased at predetermined intervals via the Guaranteed Purchase Option.

Childrens Term Insurance

Aggressive-Free Child Term Insurance If an occurrence is covered, the children's Term Insurance pays the insured's dependents. A primary insured's term life insurance policy will pay the covered dependent's benefits until 65 or 26.

Accidental Death Benefit

If the insured passes away as a result of an accident that is covered by the policy, the accidental death payment rider will supplement the basic death payout. For the first time, it's available to everyone who receives knights of Columbus long term Care Insurance until they are 55.

Reviewing Complain Index

Reviewing a Knights of Columbus annuity provider's complaint ratio while researching their plans indicates customer service excellence. The NAIC issues an annual statistical report that compares the number of complaints received by insurance companies with their market share. On average, the business experiences complaint rates of approximately 1.0. For organizations of similar size, a ratio below 1.0 signifies fewer complaints, while a ratio exceeding 1.0 signifies a performance decline that falls short of expectations.

With an additional 0.48 points deducted for grievances regarding their personal life insurance, the Knights of Columbus have achieved an aggregate score of 0.79 in 2021. This company has maintained a complaint index below 1.0.1 for three consecutive years. Receiving fewer complaints than anticipated is typical for a business of this magnitude.

Cancellation Policy

Similar to other insurance providers, the Knights of Columbus frequently offer life insurance trial periods. The free look period generally lasts ten to thirty days, although this varies from state to state and KCinsurance company policy. Those who determine they do not require coverage have the option to cancel their free trial and receive a refund.

As soon as the free trial period concludes, various insurance policies have distinct cancellation procedures. Prepaid premiums are non-refundable, even though you generally possess the autonomy to terminate your term life insurance policy at any moment. A surrender fee might be imposed on universal and whole life insurance policies. Contact the Knights of Columbus long-term Care Insurance agent authorized to represent the Knights of Columbus if you wish to rescind your policy.