Knights of Columbus Insurance
Metro Omaha, Nebraska
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Knights of Columbus Insurance Metro Omaha, Nebraska
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What is so valuable that, throughout the course of history:
kings and queens, emperors and politicians, even Popes and paupers have gone to
the ends of the earth to covet? What is so valuable that men have been willing to sell their
souls to obtain? What is the one thing that even Warren Buffet and Bill Gates
combined can’t buy? My friends, what is the one thing that even you will NEVER
have enough of? Four simple letters. TIME Do we ever have enough time
with the ones we love? Do we ever have enough time
in the day to accomplish the most important things? Do we ever spend enough time
in every day with our Lord and Savior? Do we know the hour and day when we will have no more time? Will someone ring a bell the day or week before we have no
more time? Will you wake up tomorrow morning? Is there still enough time? Have you spent enough time
planning for this eventuality? Do you know beyond a shadow of a doubt that your family will
have the resources they need to fill the financial void you leave behind? Will they know that you took the time to show them that you cared enough to meet their needs? Put your watch to your ear and listen closely to the tick-tock of the second hand…Those seconds
are gone. That time is gone,
forever. You are now seconds
closer to the day you hear those words from your doctor… You are now seconds
closer to the moment you will hear these words from a priest "Through
this holy anointing may the Lord in his love and mercy help you with the grace
of the Holy Spirit. May the Lord who
frees you from sin save you and raise you up." your last rites. You are now seconds
closer to the moment you can no longer make changes in how you will be
remembered. Some of you are like me, you’ve buried grandparents and
maybe a couple of friends (albeit, too early.)
Some of you have buried wives…some sadly children…some sadly
grandchildren. Will you be remembered as one who did the right things and
made the right plan for that moment in time? Take time for the
ones you love. Take time to spend with your Lord and Savior in prayer and adoration. Take the time to
meet with your Field Agent. Take the
time to put the right plans in place. Take the time…for
the ones you love. Brothers, take
the time to do what is right.
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If you would like a printable copy, please e-mail me at: tim.heller@kofc.org 1st quarter 2006
www.kofcinsurance.com
“My father always knew he was going to
die young,” says Andrew Cole, himself a Knights of Columbus member with a
growing family. “There was a history of heart problems in his family and he
had high blood pressure.” Andrew's father, Harry Lee Cole,
worked as a machinist in Cedar Rapids, Iowa, and joined the Knights of Columbus
when he was just a young man. He proudly kept up his membership after he was
married and started raising a family. “I remember the Knights of Columbus
insignia tie pin he used to wear to church every Sunday,” says Andrew. “He
understood the importance of Father McGivney’s mission to provide for various
needs.” He also understood the importance of taking care of his family in case
anything happened to him. In July of 1988, at age 42, Harry Cole
suffered a massive heart attack and died. Sadly, Andrew witnessed his father’s
heart attack—he was only 16 and
still in high school at the time. While the family was devastated by the loss,
they were not left destitute, thanks to Harry’s insightful planning. Saving grace “It turns out he had purchased as
much whole life insurance as he could,” says Andrew. He recalls his parents
having long conversations at the kitchen table with their Knights of Columbus
insurance agent. “It was a rated policy because of his heart and high blood
pressure, but he paid the higher premiums and updated his coverage
frequently.” even though his father never said too much about this important
way he was caring for his family, Andrew says he certainly showed it by setting
an excellent example.
The insurance proceeds enabled Andrew to go to college a few years later. He attended Christendom college, a small liberal arts catholic school in Front Royal, Virginia. There, Andrew met his wife, Clare. “Without the insurance money, I would not have had the opportunity to go to college and meet my beautiful wife,” marvels Andrew. “I believe my dad was interceding for me through the Knights of Columbus, even after he was gone.” “Having life insurance is a way
of showing your family you love them— and it’s something you can be proud
of.” Harry Cole's legacy continues to benefit his family, because before his death he’d purchased a whole life policy for each of his children, including a Guaranteed Purchase option (GPO) on each Knights of Columbus is truly a A GPO enables the owner of the policy to purchase life insurance at double after they reached age 25. A GPO enables the owner of the policy to purchase life insurance at double the face value of the original policy - without having to go through any medical screening. Andrew's mother sent him the information that explained this option and urged him to meet with his insurance representative, who at the time was Edward Norton. Andrew admits this was an eye-opener. "I wasn't thinking of buying insurance after only one year of marriage," he says. But after talking to Ed, Andrew felt his dad was still taking care of him, and realized the importance of taking care of his own family. "As a father, I feel that by buying life insurance, I'm caring for my family according to the responsibility that God has given to me. I have peace of mind knowing my family will be taken care of," he says. A
family experience Today Andrew lives in Burlington, KY with his wife Clare and children Harry (5), Joseph (4), Miriam (3), and Thomas More (1). The Coles are expecting their 5th child in May. Andrew enjoys working with his current field agent and brother Knight, Dan Turnwald, and says with gratitude in his voice, "Working with the Knights of Columbus is truly a family experience.
“I believe my dad was interceding for me through the Knights of Columbus, even after he was gone.”
As the Cole family knows, life is unpredictable. Don't take another day for granted: call now, today, for more information on obtaining coverage that could mean so much to your family. Andrew Cole puts is eloquently: "Having life insurance is a way of showing your family you love them - and it's something you can be proud of.
How
to prevent long-term care needs from draining your estate
You
may never need long-term care services. But if you do, the resulting expenses
could have a devastating effect on your estate. You’ve planned ahead for other
life Long-term
care insurance from the Knights of Columbus provides comprehensive coverage for
nursing home or home-health-care costs. events:
college, weddings, retirement. Don’t neglect the one area that can be so
costly that it has the potential to completely wipe out the nest egg you’ve
worked so hard to build. Your retirement. Your estate. Your legacy. Take a look at
the facts. Say you were incapacitated at some point—unable to perform,
unassisted, the daily functions of living—and you required home-health care or
even an extended stay in a nursing home. We’d all like to think this won’t
happen to us, but statistically speaking, there’s a good chance it will at
some point. Four out of every 10 seniors will stay in a nursing home at some
point, and nearly 1 in 10 will stay 5 or more years*. More sobering facts:
➤
Nursing home costs
in the U.S. are currently averaging $150 per day, and in Canada from $50 to $160
per day, depending on where you’re located and what type of care you receive.
Which means that at today’s rate, six months of confinement could cost you
close to $30,000 in the
from $9,000 to
$30,000 in Canada. How would you pay for that? .
➤
Health insurance does not cover long-term care services. .
➤
In the U.S., government programs will only kick in to pay for long-term
care on a limited basis—in some cases, not until after the patient has reached
a certain “poverty level”—meaning your estate would first have to be
“spent down” before you would qualify. The Maritime Provinces in Canada, and
Quebec, have similar spend-down policies. . ➤ Over 70% of single individuals and 50% of couples with one partner in a nursing home are impoverished within a year**.
You can see that
there is potential for your estate to be consumed by these costs, leaving
little to nothing for your spouse to live on, and potentially nothing to leave
to heirs. The odds are high: 4 out of every 10 is a large number to gamble on.
To
protect your estate, be proactive now The good news is that now, before you need that
care, you can do something about it. You can purchase long-term care insurance
from the Knights of Columbus. Such policies provide comprehensive coverage for
nursing-home or home-health-care costs. The cost of
waiting is high. Financial experts say the ideal time to purchase long-term
care insurance (LTC insurance) is at younger ages. Policies can be purchased
at any age, and, like life insurance, premiums will vary with age and
health.*** Whether
you’re a baby boomer or someone who produced baby boomers—we’re all
growing older. Simple steps, taken now, can have a dramatic effect in
protecting your financial future. For more information, give me a call at
932-8197
*Agency
for Health Care Policy Research **Business and Health, January, 1997
***
Renewal premiums are not guaranteed, but will always be determined by your age
when you purchased the policy. When thinking taxes, think IRA contributions
How does it work? IRAs offer tax incentives for saving money for your retirement while giving you control over how often you want to contribute. There are different kinds of IRAs, but the two most common are the traditional and the Roth. The traditional lets you make contributions tax-deferred, which means you won't owe an income taxes until you make a withdrawal. On the flipside, contributions to a Roth IRA are not tax-deductible, but neither your earnings not your qualified withdrawals are subject to taxation when you take them in the future. While there are no minimums amounts on what you can contribute, there are limits on the maximum you can give. The following is a breakdown for the 2005 and 2006 tax years. Keep in mind, you can have both a traditional and a Roth IRA, but the limits apply to all IRAs combined - not individually.
I can help you set up regular funding through a solid, no-risk Knights of Columbus annuity. Don't delay - April 17th will be here before you know it. This publication is written to provide accurate and authoritative
information with respect to the subjects covered. However, the information
contained in this publication is not intended as a substitute for direct
financial and legal advice. For such assistance, please contact a qualified
professional. Reproduction of any part without written permission is strictly
prohibited. Published in conjunction with the Knights of What works better for you?
Safeguard their world with life insurance. Call me today to find out more about this important protection. |
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Send mail to tim.heller@kofc.org with
questions or comments about this web site.
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