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Brent Labreche Insurance Agency Southwest Florida
 
Knights of Columbus Introduces New Annuity Product
8/17/2007
Vantage Offers Safety of Principal and Fixed-rate Guarantees
In a continuing effort to offer its members and their families convenient, reliable, and stable ways to enhance their financial security, the Knights of Columbus has introduced a new annuity product: the Vantage Single Premium Deferred Annuity.
Vantage is designed to provide Knights with a safe and simple way to save for retirement. It features a lifetime minimum rate of return as well as a five-year guaranteed interest rate from date of issue. Additionally, after the first year of the contract, Vantage owners may withdraw up to 10 percent of the policy value annually without penalty.
“Vantage combines the advantages of fixed-rate guarantees with the security of principal that only a top-rated life insurer like the Knights of Columbus can provide,” said Supreme Knight Carl A. Anderson. “What’s more, with Vantage, our members can provide themselves an income stream that they cannot outlive.”
The Vantage annuity will appeal to members who seek to defer taxes on their retirement savings, or to preserve the tax-favored status of IRA and RRSP proceeds. Unlike many savings plans provided by commercial banks, a Vantage annuity offers a guaranteed lifetime minimum interest rate.
Vantage is just one of many products offered by the Knights of Columbus, which has consistently achieved the highest ratings for financial stability from both Standard & Poor’s (AAA) and A.M. Best Co. (A++), as well as certification from the Insurance Marketplace Standards Association for ethical business practices.
To learn more about the Vantage Single Premium Deferred Annuity, or any of the other Knights of Columbus life insurance, long-term care, or annuity products, contact your local professional field agent.
| Annuities
New VANTAGE Annuity Offers Guarantees, Flexibility
Your Portfolio’s "Sure Thing!"
Take control of your retirement - establish a retirement plan of your own. Here at the Knights of Columbus, you can open a retirement annuity for as little as $300. Consistent and disciplined savings placed into that annuity over time can guarantee you at retirement an income that you cannot outlive. That's right - guarantee you an income you cannot outlive. That guarantee - and the fact that no one has ever lost money in a Knights of Columbus annuity - really will provide you with peace of mind.
To help you better understand and plan for the risks you will be exposed to in retirement - from the risk of living "too long" to the risk of needing costly long-term care services, to the risk of inflation eroding the value of your income stream - we suggest reading the booklet "Retirement Risk Matcher" published by the Life Insurance Market Research Association (LIMRA). To obtain your own free copy, e-mail robert.ennis@kofc.org and we'll send one along.
As you ponder all the things that may not work out as you proceed toward retirement, think about one thing you can do to help yourself - a Knights of Columbus annuity. It's reasonably priced ($300 to start), guaranteed, and controlled by someone you trust - you!
Call your professional Knights of Columbus agent today and talk about securing a confortable and worry-free retirement.
What works better for you?
Through our Single Premium Annuity, you make one payment and select the age you begin receiving benefits.
Through our Flexible Premium Annuity, you make periodic payments of as much as you want, for as long as you want.
Your principal is safe, and you’re guaranteed never to earn less than 3.0% on your money. Current rates are 4.60% in the United States and 3.90% in Canada for payments received prior to January 1, 2008. This rate is guaranteed through September 30, 2008.
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| Permanent Plans
Do you need life insurance that lasts as long as you live? Our permanent plans give you the security of:
Knowing your family is protected, as long as all premiums are paid as they come due.
Knowing your premium will stay the same, regardless of your future health.
A guaranteed cash value that will grow over time and can provide a source of funds for future needs.
Another valuable feature of our permanent life insurance plans is the opportunity to earn policy dividends. While dividends are not guaranteed and are declared annually by the Order's board of directors, our dividend scale has been - and continues to be - among the very best in the life insurance industry.
Our permanent plans include:
Whole Life – premiums payable for all of life.
Limited Payment Life – premiums payable for a shorter period.
Discoverer – a custom blend of whole life and term insurance.
DuaLife – a custom blend of whole life and term, insuring two lives, payable upon the 2nd person's death.
Long Term Care
For the Unexpected
We're all getting older.
Record numbers of people are living well into their 80s, 90s...and even past the age of 100. That translates into more time to do the things you want to do, to spend time with the people you love. It also poses new challenges.
In aging, you change in some familiar ways - and some ways that might be completely unexpected. In your 60's and 70s, tasks and activities that you once performed routinely or with ease might become increasingly difficult. And, over time, you may need more and more assistance with such activities. You might also experience a sudden, acute need for such help after a debilitating illness - such as stroke.
One recent national survey found that among people who turned 65 in 1990, 47 percent could expect to spend three months or more in a nursing home before they die. About one in four will spend more than one year there.1 On average, nursing home care can cost upwards of $61,000 per year.2 You may be able to manage with at-home nursing care. Yet this option, too can be quite expensive: on average, such services cost over $53,000 per year in the U.S. for eight hours of service, 365 days a year.
These figures can be expected to increase over time. As you grow older, the risk that you will need care increases. Since people on average are living longer, all of us face an increased likelihood that we'll be candidates for care services.
1 Lubitz, J. and Spillman, B.C., "New Estimates of Lifetime Nursing Home Use: Have Patterns of Use Changed?" Medical Care, October 2002.
2 2002 Nursing Home Cost Survey, MetLife Mature Market Institute, April 2002.
3 2002 Home Health Care Cost Survey, MetLife Mature Market Institute, April 2002
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