Insurance
The Knights of Columbus is a fraternal benefit society, which means we can provide financial security to members and their families, while turning premiums into charitable impact.
Please contact our Worthy Field Agent, Andrew Sorley to schedule a meeting to apply for insurance through the Knights of Columbus.
Andrew Sorley
(503) 480-9678
andrew.sorley@kofc.org
Insurance FAQs
Insurance (15)
Your Knights of Columbus field agent would be more than happy to assist you in updating your beneficiaries.
By purchasing a life insurance policy and paying premiums you ensure that when you die, your beneficiary (or beneficiaries) will receive a lump sum, also known as a death benefit.
Your life insurance needs depend on your current and future financial obligations. Your field agent who is also a brother Knight is available to meet with you at your convenience and analyze the needs of you and your family.
Click HERE to estimate your insurance needs with our free and easy to use life insurance calculator.
With over $100 Billion of life insurance in force, $24 Billion of assets under management, and 42 consecutive years of superior ratings for financial strength from A.M. Best*, you can be confident in the guarantees that you receive from the Knights of Columbus.
*Currently rated A+ (Superior) by A.M. Best
Dividends – which are not guaranteed – are a portion of earnings 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
A policy rider is an additional benefit under an existing insurance policy that provides additional coverage.
Keep in mind that even if you already have life insurance coverage with your employer, your coverage may not be enough, your employee benefits are not guaranteed, and if you leave your company, you cannot take your life insurance with you. It’s important to review your insurance policy periodically to make sure it still meets your financial needs.
A beneficiary is the person (or persons) who will receive the proceeds of your life insurance policy when you die.
A rate class is a risk category assigned by the company based on your health and medical records. Your rating class will help determine the premium on your life insurance policy.
A premium is the amount of money you pay for your insurance policy. Premiums can be fixed or flexible, depending on your coverage.
Term insurance provides affordable protection to your loved ones for temporary needs 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.
Click HERE to learn more about term life insurance.
We have always maintained very high standards for the investments we make, putting our assets only into investment-grade bonds and the highest-quality equities. We do not invest in junk bonds or in risky investment instruments.
Our unwavering commitment to our Catholic faith and to the Catholic families entrusted to our care also means that we must do business the right way. As a matter of principle, we will not invest in companies that deal in abortions, contraception, human cloning, embryonic stem cell research, for-profit health care that pays for any of the aforementioned, and pornography.
Underwriting is the process through which insurers evaluate the risk of insuring a person and use that information to determine eligibility and set premium pricing for insurance policies.
Whole life is a permanent life insurance product that provides money to your family when you die, and builds cash value while you live. Permanent life insurance is guaranteed and a great way to provide security for your family. Click HERE to learn more about permanent life insurance.
Contact your Knights of Columbus agent to discuss the details of your current policy or annuity values.