Knights of Columbus Insurance

Metro Omaha, Nebraska

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Statement on Financial Services Markets and the Knights of Columbus

by Carl A. Anderson, Supreme Knight

The upheaval in the financial markets in recent days has caused a great deal of concern virtually everywhere, among financial services professionals, regulators and consumers alike. Every major financial institution has been affected by the turmoil because of the complexity of our economy, and we are no exception.

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.

Doug Kelly, FICF

13760 Pierce Street Omaha, NE   68144

Telephone: (402) 884-0364

Fax: (402) 884-0364

E-mail: dkellykofc@cox.net

Serving Councils:

6192 Bellevue

 7740 St. John Vianney

10108

Doug Kelly….ABOUT YOUR FIELD AGENT                           

Doug Kelly, FICF,  Is a fourth degree Brother Knight that serves as a field agent for councils in Bellevue and Omaha , Nebraska .

Kelly joined the Knights of Columbus in 1993 and was exemplified for Fourth Degree in 1995.  He joined the Knights of Columbus field force in 2003  and qualified for the Supreme Knight’s Sales Club his first full year and thereafter,  as a field agent.  This group represents field agents who attain 155 percent or more of their annual sales goal- approximately the top 75 of nearly 1200 field force professionals. Doug finished #10 in the order in 2005.

Kelly also represented the Knights of Columbus at the Million Dollar Round Table

( MDRT) convention each year since 2005. MDRT membership is attained by only the top 3 percent of life insurance professionals in North America and top 6 percent in the world.

Doug worked for Girls and Boys Town for 25 years, prior to becoming a field agent.  Doug and his wife Kris are proud parents of 2 children, daughter, Lindsay and son, Lane.

The Kelly’s are active members of St Robert’s Bellarmine Church . Doug serves the K of C members and families at St. Roberts council 10108,  St. John Vianney,  council 7740 in Omaha  and St Mary’s, Bellevue  council 6192.

BUSINESS AND FRATERNAL QUALIFICATION:

 Member of St Roberts Bellarmine since 1981.

  Joined K of C in 1993 at St. Robert’s Bellarmine. Past council positions include Outside Guard, Family Director and Chancellor.  He continues to coordinate the annual fall spaghetti dinner.

 Honored as K of C Nebraska State Family of the Year-1995.

 Earned Fraternal Insurance Counselor (FIC) designation in 2004 and FICF and NAFIC in 2006.

 Member of Million Dollar Round Table (MDRT) since 2005.  MDRT Foundation member in 2006. 

  Nebraska KC Agent of the Year in 2006.

 Selected by Supreme to represent all field agents at the General Agent annual meeting in 2006 and LIMRA Distribution Conference in 2007.

 Completed extensive continuing education in business planning, estate planning & preservation, ethics, etc., annually.

 Master’s of Science in Human Development/Family- University of Nebraska, Lincoln .

 Bachelor’s of Science in Criminal Justice- University of Nebraska, Omaha .

 Co-authored book: Helping Teens Unmask Sexual Con Games.

Co-authored article published in American Academy of Child & Adolescent Psychiatry Journal.

  MISSION STATEMENT:

To provide members and their families with the service envisioned by Fr. Michael J. McGivney through the use of life insurance, annuities and long term care, while always keeping the best interests as the deciding factor on any advice given or products provided.

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Copyright © 2007 Tim A. Heller, Knights of Columbus
Last modified: April 11, 2009