Saturday, January 3, 2009

January2009NewsletterComments.doc


I
am pleased to formally announce a dividend enhancement to our newly
released 800 series of permanent life insurance for the Youth Class
(ages 0-17). The December, 2008 issue of ‘Columbia Magazine’
contains an article titled “The Gift That Lasts a Lifetime”.
In the article the author talks about the many advantages of parents
taking out a permanent life insurance policy on their children.
Among the advantages are guaranteed purchase options and guaranteed
insurability up to the age of 40, cash value accumulation, leverage
against future debts or loans, future coverage for your child’s
family, and lower premium rates for children.





Industry
studies show that 87% of adults still own the life insurance policy
that their own parents bought them as a child. The juvenile market
has played an important part in the growth of Knights of Columbus
Insurance through the years. This enhancement is a part of our
continuing efforts to provide maximum value to our members and their
families, while as equitably as possible distributing dividends from
our divisible surplus. It also provides an incentive for our members
to provide at least $25,000 of coverage for their children and the
opportunity for their children to have up to $200,000 of permanent
coverage by age 40, regardless of changes in health.