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.
| Les Schmitz
16310 Sprague Street Councils Served:
PROFESSIONAL
LICENSES FROM STATE OF Life
and Annuities Long
Term Care Sickness
and Health SPECIAL
COURSES/CONTINUING EDUCATION In
process of completing the Fraternal Insurance Counselor designation with the
National Fraternal Insurance Counselors Association. FIC
1: Life Underwriting, Ethics FIC
2: Individual and Family Total Needs Planning FIC
3: Business Continuation / Retirement Planning FICF
1: Estate Planning FICF
2: Business Insurance FICF 3: Financial Products KNIGHTS
OF 3rd
Degree Member since 1998 Recorder
1998-2000 Deputy
Grand Knight 2005-06 Membership
Chair 2005-06 Program
Director 2005-06 Knight
of the Year 2004-05 Knight
of the Year 2005-06 Family
of the Month July 2006 4th
Degree Member since 2004 Faithful
Navigator 2005-06 PERSONAL Married
One
daughter, Annabelle (age 11) Active
Members of the St. Vincent de Paul Parish
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Send mail to tim.heller@kofc.org with
questions or comments about this web site.
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