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Michigan State Council Knights of Columbus Benefits and Products offered by our founder Venerable Michael J. McGivney.

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Presentation on theme: "Michigan State Council Knights of Columbus Benefits and Products offered by our founder Venerable Michael J. McGivney."— Presentation transcript:

1 Michigan State Council Knights of Columbus Benefits and Products offered by our founder Venerable Michael J. McGivney

2 Michigan State Council Knights of Columbus

3 Michigan State Council Knights of Columbus Knights of Columbus Faith Based Products

4 Michigan State Council Knights of Columbus The Primary Goal of the Knights of Columbus: “To render Financial Aid to its members and the beneficiaries of members.” -From the Knights of Columbus Charter

5 Michigan State Council Knights of Columbus Protect your Family With Knights of Columbus Insurance An Ethical Responsibility

6 Michigan State Council Knights of Columbus All investment managers for the Order are prohibited from investing in companies engaged in any of the following activities: Embryonic Stem Cell Research Human Cloning Pornography Abortifacient Contraception For Profit Health Care

7 Michigan State Council Knights of Columbus What Products Do Knights of Columbus Insurance Offer

8 Michigan State Council Knights of Columbus Knights of Columbus Product Overview Life Insurance – Protects your family dreams and goals Annuity –Guaranteed you cannot out live your money Long Term Care Insurance – Protects your nest egg Disability Income – Protects your income

9 Michigan State Council Knights of Columbus Knights of Columbus Life Products Whole Life Insurance An example is like buying a house A permanent plan that offers a guaranteed death benefit and cash value Limited Pay Life Insurance Single Pay Life 10 Pay Life 20 Pay Life Life Paid up at 65 To name a few.

10 Michigan State Council Knights of Columbus Knights of Columbus Life Products Term Life Insurance An example is like renting an apartment A low cost life insurance that last for a specified period 10 year plan 15 year plan 20 year plan A Young Adult Annual Renewable Plan

11 Michigan State Council Knights of Columbus Knights of Columbus Life Products Estate planning Life Insurance Used to transfer wealth Whole Life Insurance Second to Die Life * (Special Needs)

12 Michigan State Council Knights of Columbus KNIGHTS OF COLUMBUS ANNUITIES What is a Flexible Premium Fixed Annuity? A fixed annuity is a safe, secure, tax- deferred contract with a guaranteed interest rate which allows you to grow your money tax-deferred and/or create a Fixed Period or Life income stream. Your money grows tax-deferred as long as you leave it in the annuity. Only an annuity can pay an income that can be guaranteed to last as long as you live. With No Fees

13 Michigan State Council Knights of Columbus Knights of Columbus Annuity Products Non-Qualified / 1035 Exchange IRA 401K/457/403B/SEP Rollovers ROTH-IRA ROTH-IRA Rollovers IRA to ROTH IRA Transfers Monthly Income Settlements Eligibility range ages 0 to age 80

14 Michigan State Council Knights of Columbus Knights of Columbus Long Term Care Plus Products Nursing Home Only Comprehensive Care (In Home Care and Nursing Home Care) Currently ages range from 30 to 75

15 Michigan State Council Knights of Columbus Knights of Columbus Long Term Care Products Three ways to Fund your Long Term Care  Cash - You may pay up to $84,000 or more a year. (Based on 2014)  Medicaid (Welfare) - After you pass the state will recover the expense from your estate.  Long Term Care Insurance. How Will Our Members Fund Their Long Term Care Needs?

16 Michigan State Council Knights of Columbus Knights of Columbus Disability Income Products Protection for Total and Partial Disability Social Insurance Rider Catastrophic Rider Cost of Living Adjustment Rider Ages Range from 18 to 61

17 Michigan State Council Knights of Columbus THANK YOU! Venerable Michael J. McGivney PRAY FOR US.


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