Knights of Columbus Insurance
Knights of Columbus insurance has been "Making a Difference for Life" for more than 120 years. Since our founding in 1882, our primary mission has been to protect families against the financial ruin caused by the death of the breadwinner. Today we do this, and help families secure their financial futures, through our top-rated portfolio of life insurance, long term care insurance and annuity products.
Our Evolution
When our organization began, in order to help each other, our members "passed the hat" to assist families of deceased members. Soon, however, this became impossible, as the number of our members grew.
Out of this simple process, we've evolved into a modern, dynamic insurance organization, and offer a wide variety of products to suit virtually everyone's needs.
- Permanent Plans - Policy lasts as long as you live, premium stays the same.
- Term Plans - Policy ends at end of specified term: renewable or convertible.
- Annuities - Provides an income that is guaranteed for life.
- Long Term Care - Provides funds for long-term, out-of-hospital care.
If you have a question about our history, our worldwide mission, or the many benefits of Knights of Columbus insurance, please contact our Field Agent,
POSITION CURRENTLY OPEN
Always There, Always Strong
As a member of our organization, you enjoy the opportunity to participate as a family and positively affect your church and community. One person can make a difference. With 1.6 million members, the Knights of Columbus' impact is enormous. Last year alone, we donated $116 million to charitable causes, and performed over 56 million hours of community service. That's impact!
The success from staying true to our founder’s mission, vision and strategy is reflected in the recognition we have received from the firms which rate insurance companies.
Once again this year, we have received the highest possible ratings from both the A.M. Best Co. and Standard & Poor’s. We also retained certification for ethical sales practices from the Insurance Marketplace Standards Association (IMSA). We are among only four insurers in North America to have retained all three of these distinctions.
For the 14th consecutive year, Standard & Poor’s has given us its highest rating, AAA (Extremely Strong). S&P states that the Order’s “strategic plan remains to grow its membership, provide its members with high-quality, low-cost insurance protection and asset accumulation while maintaining its financial strength and expanding its fraternal activities.” Our founder’s strategy was right for his time and remains right for us today.
And for 31 years in a row, the Knights of Columbus earned the A++ (Superior) rating from the A. M. Best Company. In its report, the independent ratings firm cited our strong market presence in the Catholic community, our continued growth in membership, as well as our consistently profitable operations and exceptionally strong capitalization.
The bottom line is simply this: The underlying financial strength of any company is reflected in its capital structure. In this regard, the Knights of Columbus is clearly superior. We have a surplus of $1.59 billion and asset valuation reserves of $141 million, bringing our margin of safety to more than $1.6 billion. Our solvency ratio (assets compared to liabilities) is 114.9 percent, among the highest in the industry. Today, the Order’s unique fraternal insurance programs are needed more than ever. It is up to each of us to demonstrate to every Catholic man that the Knights of Columbus will add both personal and financial value to his life.
Today, the Order’s unique fraternal insurance programs are needed more than ever. It is up to each of us to demonstrate to every Catholic man that the Knights of Columbus will add both personal and financial value to his life.