Insurance Agent’s Message

From Your Field Agent

St. Patrick Knight of Columbus 8601 Insurance Agent is

Jeremy SkupienPicture1a

Insurance agent December 1, 2022 meeting visit with information for fellow knights

At the December meeting, there was discussion of a KC insurance benefit that many were not aware of.  See information below.  For more info, contact our insurance agent, Jeremy Skupien at 225-752-6080.

The Knights of Columbus will pay a benefit upon the death of a member or his spouse, occurring within 90 days, as the result of injury sustained in a covered accident. Protection is on a 24-hour basis for accidents that may occur anywhere in the world during activities on or off the job, on business, pleasure, vacation, or at home, except for the exclusions listed.

Years of Continuous Membership     Member              Benefit Spouse Benefit
Less than two years                              $1,000                              $1,000
Two years, but less than three                1,500                                1,500
Three years, but less than four                2,000                                2,000
Four years or more                                  2,500                                2,500

The benefit amount will be reduced by $500 on the member’s 65th birthday and each subsequent birthday, until the benefit amount is stabilized at $1,000. The $1,000 coverage will continue thereafter, provided the member and the member’s
council are in good standing and both so reflected on the records of the Supreme Council.

The spouse benefit at all times corresponds to the member’s benefit. At no time will the spouse benefit exceed the member’s benefit. Should the member predecease his wife, she shall continue to be covered thereafter at a fixed benefit of $1,000. Should the spouse and the member die within 90 days from the same accident, however, the scheduled benefit will be paid.

If you would like more information on the value and benefits of KC insurance, please follow the link below.

New members are the lifeblood of the Order. All the good deeds done by the Order are driven by the members. Over the past decade, Knights have given more than $1.55 billion to charity and provided in excess of 673 million hours of service. And our membership has merely scratched the surface in North America. Imagine the potential.

https://kofc.org/en/what-we-do/insurance/index.html

KC Insurance Has Top Financial Rating 

The KC Supreme Council re­ported July 11, 2013 that financial ratings agency A.M. Best had affirmed the Order’s A++ financial rat­ing for the 38th consecutive year. It was also announced that in June the Knights of Columbus had exceeded $90 billion of insurance in force, a new milestone.

Established in 1882 as a fraternal benefit society, the Knights of Columbus has worked since its inception to help members protect their families’ fi­nancial futures. What began as a “pass-the-hat” bene­fit program has grown into one of the nation’s premier insurers.

In addition to the Knights of Columbus’ strong market presence in Catholic communities in the United States and Canada, A.M. Best also cited the Order’s large network of local councils and “consistently pos­itive statutory ratings, excellent per­sistency and a solid level of risk-adjusted capitalizations” as pos­itive ratings factors.

“Earning A.M. Best’s top rating again this year underscores the strength of our sustainable business model, despite the slow recovery and continued economic uncertainty,” said Supreme Knight Carl A. Anderson.

Having surpassed S90 billion, the amount of life insurance in force has more than doubled from $40 billion since Supreme Knight Anderson took office in 2000. Today, the Knights of Columbus has more than $19.8 bil­lion in assets under management and ranks among the Fortune 1000 list of America’s largest companies.

from Columbia Magazine, Aug 2013