Blessed Sacrament Council Knights of Columbus, Alexandria, VA

HOME THE COUNCIL EVENT ARCHIVE INSURANCE KNIGHTLY NEWS OUR FAITH	Insurance Information Insurance Benefits for Knights An important aspect of the Knights of Columbus is its insurance heritage. Members of the Knights of Columbus receive quality coverage at a nominal cost due to the highest of ratings awarded each year. Robert Canter can provide you and your family assistance in reviewing your insurance coverage at any time. Contact Robert: robert.canter@kofc.com	THE VATICAN
		BLESSED SACRAMENT
		FATHER MCGIVNEY GUILD
		KNIGHTS OF VIRGINIA
		VIRGINIA KNIGHTS OF COLUMBUS CHARITIES
		KNIGHTS OF COLUMBUS SUPREME COUNCIL
		Council Meetings: 1st Monday of every month at 7:30 pm with the exceptions of holidays.

New Member Benefit Extended to All Members

4 December 2008 - Supreme Knight Carl Anderson recently mailed an insurance offer to all members between the ages of 18 and 65. The “new member plan,” a low-cost permanent life insurance product, is normally available only to new members and their wives when they join the Order. For a limited time, in connection with the 125th anniversary of the Order, the plan is being made available to existing members and their wives as well. I have the application, which can be sent directly to Supreme for activation. No need to see an agent for sales. The new Knights of Columbus VANTAGE Single Premium Deferred Annuity is a popular product. Contact agent Bob Canter for details.

A Guaranteed Investment

Today, I was wondering why our annuity business is doing so well – up 70 percent over last year. Not that I am unhappy or troubled by business being good. But I what pondered is this: why now and not all the time? What is it about market downturns that cause people to suddenly think that they need a position that includes a stable guaranteed product like a K of C retirement annuity? Doesn’t the market always turn down sooner or later? So why not establish a guaranteed alternative to balance those swings?

As I pondered, I enlisted the help of my friend and co-worker Tony Minopoli, our chief investment officer, to consider to following scenario:

Two 55-year-old men in the United States on Jan. 1 1999 , have $50,000, and are looking for a place to put it for 10 years. One decides to invest it in the S & P 500 Index and leave it there, paying taxes on dividends as they are paid and spending more than a little time worrying about what will happen to investment. The other puts his money in a tax-deferred retirement annuity with the Knights of Columbus, with all the guarantees that come with it. He leaves it here for 19 years and spends exactly no time worrying about it.

Ten years later, both men are now 65 years old and considering retirement. On Dec. 31, 2008 , they check on the $50,000. (Notice that to be fair I am using a date before the most recent market madness.)

Our S & P 500 fellow, Tony tells me, would have an account value of $43,494.17, an annual compounded return of -1.38% per year – and he paid taxes along the way on those dividends. Our K of C tax-deferred annuity fellow would find that a balance that has swelled to $78,152.41, for an annual return of 4.75% - and the power of deferring taxes has not been factored in.

I have nothing against money in the market. But I do wonder why more of our members and their families don’t take advantage of our guaranteed annuity product. You get a great return, deferred taxes and retirement planning – and you get to sleep at night. Not a bad deal.

So, regardless of where you think the market is headed right now, why not build yourself something guaranteed? Call your agent. Establishing an annuity is a simple, quick, and easy process. Then relax and rest easy. We’ll do the rest.

Robert J. Canter, Jr., FICF, LUTCF, CSA 301-952-0180


	For those interested in prior insurance articles here is an archive: 2008