Monday, August 4, 2008
Link to newsletter is on the Right OR very bottom
Depending on which version of Windows you have determines how the page will display. The links to the Newsletter should be on the right, if not, scroll to the bottom of the page.
K of C Insurance- Aug Message
From: "Mark.Yosway@KOFC.ORG"
Sent: Monday, July 14, 2008 10:15:04 AM
Subject: August 08 Newsletter Comments
“Can my Mom buy K of C Insurance Now that my Dad Died?”
That is the question I got, just a few weeks ago, from the daughter
of a deceased member. In their case, I had to tell her no. And here is
why.
As a fraternal organization, we have a unique opportunity to assist
the surviving family members of deceased brother Knights who have Knights
of Columbus insurance. For up to one year after the death of our brother
Knight, his widow and dependent children (under 18) may apply for a new
insurance policy or annuity, as long as he was an insurance member. Any
Knights of Columbus policy owned on himself qualifies him as an insurance
member.
It may be that a wife (as in this case) or children may need
additional insurance. Regardless, as a fraternal organization, the law
does not allow us to assist a surviving spouse and children with new
Knights of Columbus insurance unless the Knight was an insurance member. I
had to tell the daughter, no, her mother cannot buy life insurance on
herself from the Knights of Columbus because her father was not an
insurance member.
If the member does not have Knights of Columbus insurance, it would
benefit his family if he became an insurance member. That is quite simple
to do. Any Knights of Columbus life insurance, annuity or Long-Term Care
insurance purchase, will make a Knight an insurance member.
One strategy is to make a one time minimal deposit of $300 into an
annuity, IRA or Roth IRA. You’re guaranteed to earn interest on your
investment while opening many doors for your survivors to do additional
planning with the Knights of Columbus in the event of an untimely death.
Why wouldn’t a Knight want his wife and children to have access to one of
the best financial service programs in the world? Being an insurance
member opens up numerous possibilities.
You can count on the Knights of Columbus to provide unparalleled
service to the widows and children of a deceased brother. We are limited,
though, in what we can do if the member is not an insurance member. The
death of a loved one is an emotionally devastating event. Your Knights of
Columbus field agent is available, whether the Knight ever has insurance or
not, to be an advocate for your family. He is limited in what he can do
however, if the member does not become an insurance member.
"A man who dies without adequate life insurance should have to come back
and see the mess he created" -- Will Rogers
Mark P. Yosway, FIC
Field Agent
Knights of Columbus
P.O. Box 96
Madison, Alabama 35758
Tel/Fax: 256-772-7666
Cell: 256-679-5632
CONFIDENTIALITY NOTICE: This message and any attachments may contain confidential, proprietary or legally privileged information and is intended only for the use of the addressee or addressees named above for its intended purpose. If you are not the intended recipient of this message, this message constitutes notice that any review, retransmission, distribution, copying or other use or taking any action in reliance on the information in this message and its attachments, is prohibited. If you receive this communication in error, please immediately advise the sender by reply e-mail and delete this message and its attachments from your system without keeping a copy. Unless expressly stated in this e-mail, nothing in this message may be construed as a digital or electronic signature. Thank you.
Sent: Monday, July 14, 2008 10:15:04 AM
Subject: August 08 Newsletter Comments
“Can my Mom buy K of C Insurance Now that my Dad Died?”
That is the question I got, just a few weeks ago, from the daughter
of a deceased member. In their case, I had to tell her no. And here is
why.
As a fraternal organization, we have a unique opportunity to assist
the surviving family members of deceased brother Knights who have Knights
of Columbus insurance. For up to one year after the death of our brother
Knight, his widow and dependent children (under 18) may apply for a new
insurance policy or annuity, as long as he was an insurance member. Any
Knights of Columbus policy owned on himself qualifies him as an insurance
member.
It may be that a wife (as in this case) or children may need
additional insurance. Regardless, as a fraternal organization, the law
does not allow us to assist a surviving spouse and children with new
Knights of Columbus insurance unless the Knight was an insurance member. I
had to tell the daughter, no, her mother cannot buy life insurance on
herself from the Knights of Columbus because her father was not an
insurance member.
If the member does not have Knights of Columbus insurance, it would
benefit his family if he became an insurance member. That is quite simple
to do. Any Knights of Columbus life insurance, annuity or Long-Term Care
insurance purchase, will make a Knight an insurance member.
One strategy is to make a one time minimal deposit of $300 into an
annuity, IRA or Roth IRA. You’re guaranteed to earn interest on your
investment while opening many doors for your survivors to do additional
planning with the Knights of Columbus in the event of an untimely death.
Why wouldn’t a Knight want his wife and children to have access to one of
the best financial service programs in the world? Being an insurance
member opens up numerous possibilities.
You can count on the Knights of Columbus to provide unparalleled
service to the widows and children of a deceased brother. We are limited,
though, in what we can do if the member is not an insurance member. The
death of a loved one is an emotionally devastating event. Your Knights of
Columbus field agent is available, whether the Knight ever has insurance or
not, to be an advocate for your family. He is limited in what he can do
however, if the member does not become an insurance member.
"A man who dies without adequate life insurance should have to come back
and see the mess he created" -- Will Rogers
Mark P. Yosway, FIC
Field Agent
Knights of Columbus
P.O. Box 96
Madison, Alabama 35758
Tel/Fax: 256-772-7666
Cell: 256-679-5632
CONFIDENTIALITY NOTICE: This message and any attachments may contain confidential, proprietary or legally privileged information and is intended only for the use of the addressee or addressees named above for its intended purpose. If you are not the intended recipient of this message, this message constitutes notice that any review, retransmission, distribution, copying or other use or taking any action in reliance on the information in this message and its attachments, is prohibited. If you receive this communication in error, please immediately advise the sender by reply e-mail and delete this message and its attachments from your system without keeping a copy. Unless expressly stated in this e-mail, nothing in this message may be construed as a digital or electronic signature. Thank you.
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