Knights of Columbus Insurance: Is it right for you?
Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states.
After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in…
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Written by
Rachael Brennan
Licensed Insurance Agent
Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.
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Reviewed by
Benji Carr
Former Licensed Life Insurance Agent
UPDATED: Apr 21, 2022
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Quick Facts
Knights of Columbus insurance plans are exclusively reserved for its members
Life insurance options include whole and term life
Knights of Columbus membership is limited to Catholic males
Have you considered joining the Catholic organization Knights of Columbus (K of C) and making it your life insurance company? Knights of Columbus insurance is an option for those interested in a faith-based plan.
Learn more about Knights of Columbus life insurance and the culture of this unique organization to discover if it will be the right fit for you.
What is Knights of Columbus insurance?
Knight of Columbus life insurance is coverage offered to members of this Catholic fraternal organization.
Knights of Columbus insurance, also known as Catholic family insurance, stands out from other life insurance plans available on the market for several reasons. Some of those pros are:
It’s a large insurer, with almost 2 million members and $109 billion of life insurance in force.
Knight of Columbus insurance offers policy riders, which are additional benefits policyholders can add to their policy.
Its permanent life insurance rates are guaranteed not to increase, offering price stability for all members.
There are also cons. Before making your decision, it’s only fair that you are also made aware of a few common reasons some online life insurance shoppers may decide not to select Knights of Columbus (K of C) as their insurance provider:
There are no free online quotes available, and insurance seekers can only get more information through an agent.
Both initiation fees and cancellation fees may apply once a member joins or cancels
Although according to PubMed, 80% of women make insurance decisions for their households, Knights of Columbus insurance is exclusively for men.
Of course, as a Catholic organization, it is not a good choice for anyone seeking secular coverage.
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How much does Knights of Columbus life insurance cost?
According to Statista, there are over 773 life insurance companies in the United States. With so many companies to choose from, it’s important to remember that the best life insurance options should always agree with your budget.
Knights of Columbus life insurance typically costs around $30.00 a month for a membership. But you’re probably wondering just how much the actual life insurance will run you, as well. However, this will vary based on which life insurance option you choose.
Types of Life Insurance
Knights of Columbus offers a couple of different life insurance options, such as:
Term Life Insurance – This option will pay if death occurs during the term of the policy, which can typically range from 1-30 years.
Whole Life insurance – This option is also known as permanent life insurance. It will cover a death benefit whenever you pass away.
These forms of life insurance can also be categorized into three major types:
Traditional whole life – This type of life insurance can provide the policyholder with life insurance for their entire life.
Universal life – This type of life insurance is permanent, and as long as it is being paid for, it can cover the policyholder throughout their lifetime.
Variable universal life – This type of life insurance is permanent, but unlike universal life, it acts like a mutual fund and increases based on its set interest rate.
If you are seeking additional information on each plan, one of the dedicated Knights of Columbus insurance agents should be able to provide you with more information.
Knights of Columbus Insurance Benefits
It’s completely normal to compare life insurance options and wonder what is genuinely in it for you. But when it comes to Knights of Columbus life insurance plans, there are several perks that come along with choosing Knights of Columbus as your insurance provider.
Some of these benefits include:
Affordable insurance rates
Knights of Columbus Long-Term Care Insurance
Disability Income Insurance
Retirement Annuities
An opportunity to connect with individuals that are like-minded in faith
Exclusive access to a brotherhood dedicated to making the world a better place
Exceptional Knights of Columbus insurance customer service
If you are interested in being part of a premier organization with several insurance plans and benefits available, Knights of Columbus may be the perfect company for you.
Knights of Columbus Insurance Ratings
Trust is a significant factor that contributes greatly to which insurance provider you may feel the most comfortable selecting. Knights of Columbus insurance is award-winning, and since it was first founded in 1882, the company has received some impressive ratings and awards.
It made the list of Forbes America’s Best Insurance Companies 2022.
A.M. Best gave Knights of Columbus an A+ rating for its overall financial strength.
It was named one of the World’s Most Ethical Companies® by Ethisphere® Institute in 2018.
Of course, every company has its downside, and as with all insurers, there are negative reviews of this company out there.
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How is Knights of Columbus life insurance customer service?
Kings of Columbus life insurance agents are a team of more than 1,500 full-time insurance agents that work across the United States and Canada. The company promises it will provide best-in-class service to its members worldwide.
Another essential thing to consider about Knights of Columbus insurance is the amount of time it may take for someone to respond to your inquiry.
Unlike other insurance companies that typically use call centers and match incoming calls with whoever is available, Knights of Columbus will assign you with a dedicated insurance agent. While the exclusivity can offer a more personalized customer service experience, each agent has about 800 Catholic families they are responsible for, which may also result in slower response times.
Joining the Knights of Columbus
The Knights of Columbus is the world’s largest fraternal Catholic organization with over 1.8 million members and counting. In order to take advantage of the Knights of Columbus long-term care insurance plan, life insurance, or any other plans available, a membership is required.
All Kings of Columbus members must meet the following requirements:
Be at least 18 years of age or older
Identify as male
Practice the Catholic religion
If you meet the requirements above, Knights of Columbus has six types of insurance options to choose from.
1. Council Membership – For Knight of Columbus members committed to making a difference in their community.
2. Online Membership – For individuals interested in enrolling in a Knights of Columbus membership via the website.
3. Fourth Degree Assemblies – For fourth-degree Knights who have proven their dedication to the four core principles–charity, unity, fraternity, and patriotism
4. Military Councils – If you are a member of the armed forces or a family member of an individual who is, this membership option is for you.
5. College Councils – If you are a college student at one of the 150 college campuses affiliated with the Knights of Columbus organization, this membership option is for you.
6. Chaplains – If you are ordained or involved in the ministry, this membership option is for you.
Choosing the best membership for your lifestyle is only the first step towards enrolling in Knight of Columbus insurance.
You can call the Knights of Columbus phone number for details on membership.
Is Knights of Columbus life insurance right for you?
If you are looking for a company with a distinct sense of culture and religion, Knights of Columbus life insurance may be a good choice for you.
Now that you are aware of all of the advantages and disadvantages that go along with becoming a Knights of Columbus member, including life insurance, it’s time to compare your options.
Hopefully, you now know all about how Knights of Columbus life insurance works. Make sure to explore all of the options you have available.
