Insurance

Providing for those left behind when the family bread-winner dies, was at the heart of the Knights of Columbus’ formation in 1882. Through a simple Brother-helping-Brother concept, the insurance program of the Knights of Columbus has grown to a members-only plan that is among the strongest in the industry.

With over $45 billion protecting members through 1.6 million policies, Knights have the peace of mind that insurance provides for their immediate family. The Knights of Columbus offer unique programs that exist exclusively for the families of Knights, providing coverage for needs that often fall outside traditional insurance plans.

The insurance agent for Council 7926 is Michael Permuko, he can be reached via E-Mail at   michael.permuko@kofc7926.org.  He will be able to explain fully the various benefits that are offered and tailor a package to protect you and your family.

Message from our Insurance Agent - August 2010

Worthy Brothers,

Hope all are enjoying the summer of 2010. As your Field Agent over the past 3 years, I have discussed with some of you the importance of life insurance on your children or dependent grandchildren. The above article from this past weekend's Wall Street Journal highlights another good reason that is new to me.

A life insurance policy on your child will serve you and your family in a number of ways:

1. As a parent, if you co-sign a loan for your child such as a private student loan, you will be responsible for the payment of that loan if your child should die at a young age. (per WSJ article below)

2. Protects future insurability: With our Guaranteed Purchase Option (GPO), you and/or your child can purchase additional insurance for them without showing signs of insurability. (at ages 17, 25, 28, 31, 34, 37 and 40). We do not know what your child's health will be when they need/apply for life insurance in their 20's, 30's or later. This gets them started on a solid foundation.

3. Lower cost:  The rates will never be any better than they are right now for a whole life policy on your child. The premium on their policy will never change for the rest of their lives, while receiving dividends and cash values.
 
4. Encourages saving: Our plans offer terrific cash and dividend values to help supplement cost of future likely purchases, such as the purchase of a college education, home or a wedding. The cash values in the policy will only go up and not fluctuate as an equity fund  will. Also the cash values can help supplement your child's retirement if the policy is not cashed in.

A life insurance policy may not be a glamourous gift in our materialistic society today. However, life insurance for your child is truly a lasting gift, which they will look on later in life as one of their most cherished assets.

For the article in the Wall Street Journal, please go to:
When Student Loans Live On After Death - WSJ.com

Michael Permuko, FIC
Field Agent - Knights of Columbus

732-996-0923  (Cell)
732-714-9568  (Home Office / Fax)

1210 Chicopee Avenue
Point Pleasant, NJ 08742