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Brother Knights
Basic
knowledge on insurance products
For
this month’s column, I thought a little “Life
Insurance 101” might be beneficial.
Whole life insurance is the most basic plan of
permanent life insurance protection, and calls for
premiums to be paid for your entire life, or to age
100. You may also consider another permanent life
insurance product – one with guaranteed cash values
– that offers a limited period of premium payments.
The Knights of Columbus offers three permanent life
insurance products for which premiums do not have to
be paid for all of life.
“Twenty Pay Life” is exactly as the name suggests: a
permanent plan with premiums payable for 20 years.
After the premiums are paid for the 20 years, the
plan is “paid up” and no more premiums are due.
Unlike its term counterpart, however, the plan stays
in force, the death benefit remains intact and the
guaranteed cash value continues to grow.
Another such plan is our “Life Paid Up at 65.” With
this permanent product you pay premiums until you
reach age 65. Then, premiums stop (just in time for
retirement), but the plan remains very much in
force.
Finally, the ultimate in limited pay is our Single
Premium Life product. Imagine buying life insurance
– permanent life insurance – and only paying one
single premium? It’s possible.
I
have detailed information on all of these products.
At your convenience, I’ll meet with you and your
wife to perform a free, custom-tailored needs
analysis, to help determine which of our many life
insurance products is right for you and your family.
I’m at 631-226-3831 or alex.keller@kofc.org. Call
me – let’s talk.
Alex Keller,
Field Agent
631.226.3831
Alex.keller@kofc.org
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