Knights of Columbus Insurance
Metro Omaha, Nebraska
May the joy of the risen Christ be with you and your family this Easter Season!
Check out: Life Happens..." Do it for LOVE!"
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Knights of Columbus Insurance Metro Omaha, Nebraska
May the joy of the risen Christ be with you and your family this Easter Season! Check out: Life Happens..." Do it for LOVE!"
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But I report to you today that there is no reason to be concerned about the value of your Knights of Columbus annuity or life insurance. Because of our very conservative approach to investing our $14 billion in assets, the impact on the Knights of Columbus has not been material, in other words, it has been minimal – far smaller than for many other organizations and the industry as a whole. We have purposefully avoided investing in the highly complex and speculative investments that have brought disaster to some of America’s most well known companies. What Standard & Poor’s said of us just one month ago when they reaffirmed our AAA rating for the 16th consecutive year remains true today. Our “liquidity is viewed as extremely strong, reflecting an asset portfolio that consists primarily of high-quality, investment grade bonds.” S&P also stated that our “investment portfolio has very strong credit quality” and our capital adequacy is “among the strongest in the industry.” This is the case today. Our capitalization is, and remains, “extremely strong.” Our surplus stood at more than $1.7 billion on June 30 of this year, providing an unusually large cushion of protection against turmoil of the sort we have seen in recent weeks. One crucial area continues to set us completely apart from those firms which have incurred enormous debt. We have no debt on our balance sheet. Our strong cash flows and extremely strong financial position makes it unnecessary for us to borrow funds at all. As a result, our financial condition remains extremely strong, and you can be certain that you are fully protected by one of the strongest and most reliable insurance programs in the entire industry.
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What do these designations (letters) mean?In a nutshell, it means that your Knights of Columbus Field Agents are highly trained and educated professionals. We undergo continuing education on an annual basis to prepare us to better serve our members. To the Knights of Columbus, have a license is not enough.
69 hours of Continuing Education to train the financial professional in the following areas: Life Underwriting & Ethics, Individual & Family Total Needs Planning, Business Continuation / Retirement Planning A discussion of the history and development of fraternal benefit societies, reviews of life insurance concepts and ethical challenges faced by insurance professionals with a spotlight on solutions for solving them, including useful case studies addressing real-life situations. Additional focus on meeting individual and family needs through life insurance, explaining the concept of "total needs planning" through two different methods - capital utilization and capital retention - to provide solutions to current financial challenges. Followed by advanced study in business continuation, executive compensation, retirement planning, estate planning and investment. Fraternal Insurance Counselor Fellowship (FICF) 72 hours of Continuing Education to train the financial professional in the following areas: Estate Planning, Business Insurance and Investment & Financial Products. Advanced study in concepts of estate planning solutions focusing on the planning process and working with members of the estate planning team. Additional advanced work in concepts of business insurance focusing on the topics of business continuation, buy/sell agreements, key-executive coverage, split-dollar plans, group term coverage and Section 303 redemptions. Followed by discussion on the practical application of financial products with spotlight on the role of investments, risk and return, savings/liquidity vehicles and life insurance annuities; investing in stocks, bonds and pooled investment vehicles; and specualting in futures in options. Certified Senior Advisor (CSA) A Certified Senior Advisor is a professional who has completed a rigorous course of instruction in the concerns facing seniors. The course is taught by nationally recognized panel of experts in social work, law, medicine, gerontology, geriatrics and financial planning. Upon completion of the course, candidates for the designation must pass a comprehensive exam to demonstrate their knowledge of the issues and their commitment to meeting the needs of their senior clients. Specific modules include: Trends In Aging Principles Of Aging Social Aspects of Aging Alzheimer's and Dementia Chronic Illness in Seniors Financial Planning Estate Planning Social Security End-Of-Life Planning Senior Spirituality Medicaid Planning Tax Planning Senior Housing Long-Term Care Resources for Seniors |
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Send mail to tim.heller@kofc.org with
questions or comments about this web site.
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