Insure your life for life

What is it?

Permanent life insurance is our signature product. It provides money to your family when you die, and builds cash value while you live. It’s guaranteed. It’s secure. It’s dynamic.

Who needs it?

Permanent life insurance is a great way to provide security for your family. It may be an ideal solution for people who are interested in:

  • Providing money for final expenses so your family doesn’t have to.
  • Replacing income so that your family’s financial life doesn’t have to change in case you pass away suddenly.
  • Providing college funds for your children in case of an untimely death.
  • Protecting your spouse from the burden of a mortgage in the event of the unexpected.
  • Giving a donation to a charity or special interest.
  • Supplementing an estate or mitigating estate taxes.

How does it work?

Permanent life insurance – like all life insurance – is designed primarily to provide money (also known as a death benefit) to your designated beneficiary when you pass away – guaranteed.

All Knights of Columbus permanent life insurance policies (with the exception of Graded Premium – see below) have premiums that are guaranteed not to increase, so you won’t have to worry about any surprises.

Our permanent life insurance policies also accrue cash value over time. Should the policy be eligible for any dividends (which are not guaranteed), you can also elect to put those proceeds back into your policy by purchasing additional paid-up insurance. Additional paid-up insurance increases your policy’s death benefit and cash value. Your policy’s cash value can be used as cash, either through a partial loan or a full surrender of the policy*, or as collateral.

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What options do I have?

The Knights Advantage Series of permanent life insurance products are flexible to fit your needs.

Single Premium Whole Life

Secure protection and start your legacy with one, single payment.

Limited Pay Whole Life

Our flagship policy for maximum flexibility. You choose how many years to pay premiums, with a five-year minimum payment period. Selected when you apply, the payment period is fixed and guaranteed...precise and perfect for just about any life insurance planning need, even up to and through your retirement years.

The Knights of Columbus also offers several specialty products including:

Graded Death Benefit Whole Life

No underwriting required for this final expense product.

Survivorship Universal Life

a policy that insures two lives, has flexible premium payments and pays at the death of the second insured. Often used by couples for estate planning, estate conservation or estate equalization

Protector NLG Universal Life

Please contact your agent for details on this newly launched product.

Beneficiary Options

You decide who you want your death benefit to go to: a spouse, children, family, a trust, or even charity. You can have more than one beneficiary, and can divide up the proceeds proportionally.

Additional Features and Benefits

There are a number of special features and benefits – often called riders – that are available on Knights of Columbus products that can enhance a policy in a variety of ways.

* Loan and surrender charges