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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Omaha, NE 68105-3126 Phone/Fax: (402) 932-8197 Mobile: (402) 290-2279 www.omahakc.org If you would like a printable copy, please e-mail me at: tim.heller@kofc.org
Dear Brother Knight:
We live in a culture that tends to promote spending over saving. So it shouldn’t come as any surprise to learn that, as a whole, the baby boom generation is not saving adequately for retirement—and, in some cases, not saving at all. In fact, in a recent survey, 42% of baby boomers say they are not currently saving for retirement, yet aren’t concerned about it. Nearly a third are counting on money from employer-funded pension or retirement plans to get by.
But Knights of Columbus members seem to be ahead of this curve. As a whole, K of C members are hard-working, thrifty folk who know the importance of family and the importance of saving for the future. Our heritage has taught us to follow the fundamental value of providing for our families.
So you’ll want to be aware of a piece of your financial protection puzzle that may still be missing. You may have life insurance, health insurance, and a significant retirement plan in place—but did you know there is still a serious threat to your family’s financial security? One that would wipe out that nest egg you’ve worked so hard to build before you ever have a chance to use it. Knights of Columbus Long-Term Care insurance is designed to ensure you don’t run that risk. It’s protection that allows you a choice of skilled nursing care if you need it—home health care, assisted living facilities, or nursing home care—without depriving your wife and children of the money you have saved for them. Learn more about this important protection inside.
Also inside: if you haven’t reviewed your life insurance lately, now is a great time. Find out why. And if you’re changing jobs or getting ready to retire, roll over your 401(k) or other retirement plan to a safe, guaranteed tax-deferred IRA with the Knights of Columbus.
As summer unwinds this year, I hope you take some time to really enjoy your family. And as always, if there’s anything I can do to help with your financial planning or protection needs, please give me a call any time—I’m here to serve the members and families of our community.
Fraternally yours— d quartTim A. Heller, FICer 2006
Some insurers leaving market A number of large insurance companies have recently pulled out of the long-term care insurance business.
Why? Long-term care (LTC) insurance is turning out to be one of the most claims-oriented types of insurance sold. Only 5 out of every thousand homeowners will ever experience a house fire, and only 70 out of every thousand drivers will experience an auto accident. Long-term care insurance, by contrast, is proving to be required by a large number of people—currently 600 out of every thousand—and the number of claims is likely to rise sharply as boomers continue to age. What that means to consumers is that LTC insurance is a smart buy; your likelihood of drawing on the benefits of an LTC policy is higher than the likelihood of drawing on homeowners or auto insurance.
The missing piece Whether we like it or not, our health will begin to decline as we age.
Who will take care of us as we begin to need help with the activities of daily living? Who will manage our affairs, check our medications, fix our meals, tie our shoes?
Do you want to have to depend on your grown children for this kind of help, or do you want to have a system in place to provide that care for you?
Do you want your children to care about you, or for you?
It’s a question of maintaining our dignity.
You may be young and strong now, and that’s the perfect time to begin thinking about Knights of Columbus Long-Term Care insurance. You pay for LTC insurance with your money, but you buy it with good health. Don’t wait until you need care to apply for it—the cost is higher if you wait and you may be declined coverage for health reasons. Protect yourself and your family Consider this: the average cost of a year of nursing home care in 2005 was $72,000. How far would your retirement savings go if you had to pay for that kind of care? What would your wife live on if you had to spend your retirement savings on home health care or assisted living? Knights of Columbus Long-Term Care insurance protects you by giving you choices in care—and it protects your wife and children by providing funding so your nest egg stays intact.
You’ve worked hard to provide for your family. You have life insurance, health insurance, and assets in place. Long-term care insurance is the missing piece to protect yourself and your family.
Please call me for more information about this important protection from a company you know will be here when you need us: the Knights of Columbus, protecting families for generations.
Which is a better buy, term insurance, or permanent?
As you might guess, there’s no simple answer to that question. Know this: if you have family that depends on your income, you need some form of life insurance. Don’t let indecision stop you from securing coverage. That said, you do have choices about the kind of protection you purchase. Some factors to consider:
Term life insurance • Term insurance is designed to be a temporary solution to a long-term need. When you can’t afford all-permanent insurance, getting started with a combination of term and permanent can be an excellent choice.
• Term coverage provides a lot of protection for your premium dollar, but it is on a timetable that will eventually expire.
• While term provides a guaranteed death benefit, it earns no cash value. Thus there is no return from term insurance unless you die during the term of the policy and your beneficiaries receive the proceeds.
• Premiums for term will increase at specified intervals, such as after 10 years, or after 20. With K of C policies, when one term expires, coverage automatically renews even if your health is poor.
• Term rates have recently dropped, making coverage affordable enough for virtually everyone. Term insurance is a good starter product—just don’t stop there.
Permanent life insurance
• Permanent life insurance is just what it says—permanent. Once you are approved for coverage, your policy cannot be canceled due to poor health.
• The premiums for permanent insurance are level—they do not increase as you age or as your health declines. Because of this, permanent insurance is often less expensive than term over the life of the policy.
• Permanent insurance earns cash value you can use any time, for any reason, in the form of a loan against your policy. You have the option to pay the cash back (keeping the full death benefit in place) or not (death benefits will be reduced).
• Knight of Columbus permanent policies also earn (non-guaranteed) dividends, which can be reinvested to help pay the policy premiums.
The Knights of Columbus has a strong life insurance program that consistently rates at the top of the industry. We’ll be here when you need us. Our premiums are competitive. Call for specifics on securing coverage for your entire family, and most importantly, for yourself as the breadwinner. I can furnish details.
Raising financially responsible kids
If it’s true that kids are like sponges, then it’s smart for parents to take advantage of their natural absorbency to instill basic money management ideas early on. Here are a few ideas to consider:
Make financial lessons into games. Young children love to count things, and to be considered old enough to “help” with money. This could mean everything from letting your five-year-old carry a calculator in the grocery store, tallying purchases as you shop, to letting your nine-year-old make a list of estimated family vacation expenses or having your teen track the gas mileage on your road trip. What’s vital: Keep it light and fun.
Establish allowances, both on the receiving and the spending end. Experts agree that giving an allowance may be the single best way to teach kids about money. Some parents wish to tie allowances to chores performed, while others want their children to help out around the house for non-monetary reasons. But whether it’s tied to chores or not, consider giving your children an established weekly fund they know they can count on. Within this allowance, you can set a variety of parameters, perhaps requiring that your child save a percentage, give a percentage to charity, or use a portion toward certain expenses. What’s vital: Don’t bail out a child who hasn’t budgeted his allowance well.
Don’t let up when your child becomes a teen. Teach your teen to balance a checkbook, to save, how to invest, and about the do’s and don’ts of credit. Learning to use a credit card responsibly can actually help a young adult establish good credit that he or she may need later in life. What’s vital: Encourage your teens to ask questions and to try out their financial wings before leaving the nest. ✦
Roll it over...
If a retirement plan rollover is in your future, place your savings with the company you know and trust. Knights of Columbus plans are risk-free: • Principal and minimum interest guaranteed • No worry about market fluctuations or downturns • Easy and safe Call me for more information at 932-8197
From our family to yours At
the Knights of Columbus, we are proud of out reputation and ratings.
We have maintained our A++ rating with A.M. Best for 28 years and our AAA
rating from Standard & Poor’s for 13 years.
Those in addition to our IMSA Certification position the Knights of
Columbus among the elite providers of insurance products.
You can be proud to have access to these and your FREE fraternal
benefits. My
wife Cynthia and I have 4 children. Cynthia and I will celebrate our 10th
wedding anniversary this year. Ian, our oldest at 17, is a junior
Brownell-Talbot this fall. |
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Send mail to tim.heller@kofc.org with
questions or comments about this web site.
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