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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Ted Morrissey, FIC FICF CSA
Serving Councils: 9518, 9771, 10047, 10795, 10894 & 10909 16217 Franklin Street Omaha, NE 68118 Telephone: (402) 614-9992 Fax: (402) 614-9992 E-mail: tedkofc1@cox.net
About Your Field Agent… Ted Morrissey joined the Knights of Columbus field force as a field agent in 2000. He was a member of the Supreme Knight’s Club in 2001, 2002, 2003, and 2005 (membership in the Supreme Knight’s Club is reserved for approximately the top 75 field agents in the Order, out of approximately 1,400 professionals). Ted joined the Knights of Columbus in 1998, and exemplified to the Fourth Degree of the Order in 2000. He and his wife Lori have three children; Jessica, Christopher, and Aaron. The family is involved in many parish and school activities. Business and Fraternal Qualifications: Member of the Supreme Knights Club in 2001, 2002, 2003 and 2005. Attained the professional designation of Fraternal Insurance Counselor Fellow (FICF) in 2003. Attained the professional designation of Certified Senior Advisor (CSA) in 2005. Received FIC Gold Award for production in 2003 and 2005. Received FIC Quality Service Award in 2003, 2004 and 2005. Honored as ‘Agent of the Year’ in
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Send mail to tim.heller@kofc.org with
questions or comments about this web site.
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