PRODUCTS & SERVICES

Why Do You Need Insurance?

LIFE INSURANCE CALCULATOR You want the best for yourself and your family. A college education for your children – a comfortable retirement for you and your spouse – something to pass on to your heirs. You may already have a plan in place to help provide these things. But is your plan complete? Life insurance is probably something you don’t often think about, but no financial plan is complete without it. And if you haven’t yet put a plan in place, life insurance is a great place to start. To help you determine how much life insurance is appropriate for you and your family, we’ve developed an easy-to-use life insurance calculator. By providing some basic information on your family’s resources, debt and expenses, current life insurance coverage and future income needs, the calculator will give you an estimate of the amount of needed life insurance coverage.
Begin the Life Insurance Calculator

MORTGAGE PROTECTION The history of the Order shows how the foresight of Father Michael J. McGivney, whose cause for sainthood is being investigated by the Vatican, brought about what has become the world’s foremost Catholic fraternal benefit society. The Order has helped families obtain economic security and stability through its life insurance, annuity and long-term care programs, and has contributed time and energy worldwide to service in communities.

FAMILY INCOME You have worked hard to bring you family’s standard of living up to where it is. You shouldn’t be willing to give that up no matter what. They say “you can’t take it with you,” but earning capacity goes when you do! There is a way to guarantee that they will never have to sacrifice that standard of living, whether you are here or not. Life Insurance.

EMERGENCY FUNDS The furnace breaks. The car goes on the blink. The roof leaks. Someone in the family becomes ill. Everyday occurrences in households all over the country. What do you do? Life insurance can help. The cash and loan values of a whole life policy are available to you when emergencies happen. Or even to provide cash for some other event.

FINAL EXPENSES The unfortunate truth is that the last thing you’ll do on this earth is create a debt that you won’t be around to pay. Final expenses may include burial costs, unpaid bills, and excess hospital bills over health insurance payments. The emotional drain on your family should not be aggravated by concern about money. Not if you can help it. And you can.

RETIREMENT RESOURCES Thought about retiring lately? When you do, figure out how much money you’ll have. Then think about a life insurance plan that will provide more. Retirement benefits such as Canada Pension Plan and Old Age Security are nice, but do you know how much you’ll get? Pensions are a plus, but will they be enough? Supplemental income is usually necessary.

GUARANTEED INVESTMENTS The unfortunate truth is that the last thing you’ll do on this earth is create a debt that you won’t be around to pay. Final expenses may include burial costs, unpaid bills, and excess hospital bills over health insurance payments. The emotional drain on your family should not be aggravated by concern about money. Not if you can help it. And you can.

LONG TERM CARE Thought about retiring lately? When you do, figure out how much money you’ll have. Then think about a life insurance plan that will provide more. Retirement benefits such as Canada Pension Plan and Old Age Security are nice, but do you know how much you’ll get? Pensions are a plus, but will they be enough? Supplemental income is usually necessary.

Disability Income Insurance What if your last paycheck was your last paycheck? Statistics tell us that 10% of North Americans between ages 18 and 64 have a disability and that there is a 33% chance of a person entering the work force today being disabled before they retire. As people earn more, the financial risk posed by a disability becomes more significant. Unfortunately, very few people have insured this risk. Seventy percent of employees in the private sector are not covered by any type of long-term disability insurance. Ask yourself: “What is my largest asset?” Most people will say it’s their home. But, the fact is that, it’s usually their ability to earn a paycheck. Without this, all other assets are in jeopardy. If you lose your ability to work, what would you do? Income Armor® from the Knights of Columbus can pick up where your paycheck leaves off. Our Income Armor product is offered to members and their wives ages 18-61 (subject to underwriting requirements). Coverage cannot be cancelled as long as you pay your premiums when they are due. Premiums are not guaranteed and increases are possible, but only on a class basis.

Why Life Insurance from the Knights of Columbus? The history of the Order shows how the foresight of Father Michael J. McGivney, whose cause for sainthood is being investigated by the Vatican, brought about what has become the world’s foremost Catholic fraternal benefit society. The Order has helped families obtain economic security and stability through its life insurance, annuity and long-term care programs, and has contributed time and energy worldwide to service in communities.

Has the highest rating assigned by Standard & Poor’s and the AM Best companies (A++ Superior).


Supports Catholic Colleges and Universities with grants, loans, and endowments.


Provides Scholarship & Bursary programs for sons and daughters of members who attend Catholic colleges and universities.


Helps to educate Catholic Priests and Brothers.


Pays one of the highest dividend rates in the industry.


Provides scholarships to sons and daughters of member policemen, firemen, military personnel and emergency rescue personnel who are killed or permanently disabled in the line of duty as the result of criminal violence.


Provides charity to victims of disaster or calamity.


Campaigns against pornography and obscenity.


Provides money and aid in the campaign against abortion.


Provides insurance for member’s children who have physical or psychological difficulties.


Provides money for aid to the mentally challenged.


Provides information to people about the Catholic faith.


Provides low interest loan to Catholic churches for building construction, mortgages, etc.


Promotes youth activity organizations, which are intended to make youth morally and religiously responsible.


Provides FREE accidental death benefits for members and spouses.


Provides a Family Fraternal Benefit with an Orphan’s benefit for members participating in the insurance program.




Your participation in the Order’s Fraternal Benefit Programs, ensures and finances all these good works and more! As Father McGivney stated “We are the only company in Canada to receive the top ratings from both independent firms.”