Posted on January 13, 2022 in: General News
Are you prepared for a financially rainy day? Make saving a routine part of your budget. Don’t wait to put money aside or to start saving; if you do, you might not have enough for when you need it most. Schedule some time to speak with us about how we can help you and your family prepare your rainy day fund. #KofCInsurance kofc.org/products
How does it work?
Permanent life insurance – like all life insurance – is designed primarily to provide money (also known as a death benefit) to your designated beneficiary when you pass away – guaranteed.
All Knights of Columbus permanent life insurance policies have premiums that are guaranteed not to increase, so you won’t have to worry about any surprises.
Our permanent life insurance policies also accrue cash value over time. Should the policy be eligible for any dividends (which are not guaranteed), you can also elect to put those proceeds back into your policy by purchasing additional paid-up insurance. Additional paid-up insurance increases your policy’s death benefit and cash value. Your policy’s cash value can be used as cash, either through a partial loan or a full surrender of the policy*, or as collateral. READ FULL ARTICLE HERE
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