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!"
|
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!"
|
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.
|
About the Knights of ColumbusThe Our Lady of Lourdes Knights of Columbus Council was chartered as Council # 13080 on February 25, 2002. The Knights of Columbus was founded in 1882 by a 29-year-old parish priest, Father Michael J. McGivney, in the basement of St. Mary's Church in New Haven, Connecticut. Today, more than a century later, the Knights of Columbus has become the largest lay organization in the Catholic Church. The Order has been called "the strong right arm of the Church," and has been praised by popes, presidents and other world leaders, for support of the Church, programs of evangelization and Catholic education, civic involvement and aid to those in need. Council 13080 is a subordinate of the Knights of Columbus Supreme Council and the Nebraska State Council.
Our Mission:CHARITY, UNITY, FRATERNITY, AND PATRIOTISMKnights of Columbus are Catholic gentlemen committed to the exemplification of charity, unity, fraternity, patriotism, and defense of the priesthood. The Order is consecrated to the Blessed Virgin Mary. The Order is unequivocal in its loyalty to the Pope, the Vicar of Christ on earth. It is firmly committed to the protection of human life, from conception to natural death, and to the preservation and defense of the family. It was on these bedrock principles that the Order was founded over a century ago and remains true to them today. Father McGivney's founding vision for the Order also included establishing a life insurance program to provide for the widows and orphans of deceased members. The Order's insurance program has expanded substantially to serve more effectively the Knights' growing membership. Year after year, the Knights of Columbus has earned the highest possible quality ratings for financial soundness from A.M. Best and Standard & Poor's. The Order provides the highest quality insurance and annuity products to its members, along with many other fraternal benefits. If you want to join this great organization of Catholic men, it is likely that there is a local council near you. There you will find brother Knights working to fulfill the central mission of the Order: striving in charitable works; serving the Church and unified in following its teachings; supporting brother Knights in their temporal and spiritual needs; acting for the good of their country; and giving aid to widows, orphans, the sick and the poor. This is Father McGivney's dream, echoing across the century, and living today in the hearts of his brothers and all of those they touch. Vivat Jesus!
Our Founder, Fr. McGivney
Contact Information
|
|
Send mail to tim.heller@kofc.org with
questions or comments about this web site.
|
