Do you want the security of knowing your life insurance is paid-up with just one premium payment?
With one single payment, a Knights of Columbus Single Premium Whole Life Insurance policy can provide your family with guaranteed paid-up life coverage and cash value that will accumulate over time.
Single Premium Whole Life Insurance may be a great solution for you, if:
- You are looking to secure lifelong coverage while managing your expenses. Paying for a life insurance policy with one payment allows you to lock in guaranteed coverage without having to add a recurring expense to your fixed budget.
- You want a simple option that ensures your family has money to sustain their financial lifestyle after the insured’s death. This may include retirement income, mortgage payments, children’s college funds and final expenses.
- You want to leave a lump sum of money to your heirs and like the tax-free death benefit that a life insurance policy generally provides.
Knights of Columbus Single Premium Whole Life Insurance is available to all qualified applicants under the age of 80.
Recognized on the Forbes 2024 America’s Best Insurance Companies list*, Knights of Columbus is equipped to bring Catholic families the peace of mind they deserve.
Contact your dedicated Knights of Columbus field agent – and brother Knight – to see what we can offer you and your family.
*Knights of Columbus ranked #22 in the permanent life insurance category on Forbes 2024 America’s Best Insurance Companies list. Forbes partnered with Statista to independently survey more than 15,000 customers who owned at least one insurance policy across 7 insurance product categories.
Single Premium Whole Life insurance is offered through Knights of Columbus, One Columbus Plaza, New Haven, CT 06510 1-800-380-9995. These contracts have conditions, exclusions and limitations. Contract issue is subject to underwriting and a medical exam may be required. Guarantees are based on the claims-paying ability of the issuer. Any contract loans will impact the guarantees by reducing the contract’s death benefit and cash values. This contract may be considered a Modified Endowment Contract (“MEC”) and any such distributions (loans, dividends paid in cash or accumulated) or a contract assignment will be subject to current income tax to the extent there is taxable gain in the contract. In addition, a tax penalty equal to 10% of the taxable amount will be applied to funds distributed prior to the owner’s age 59½. Knights of Columbus and its agents do not provide tax or legal advice. You should seek professional tax and legal advice regarding your situation. For costs and complete details of coverage, please contact your agent or the Knights of Columbus.