Each member of the Knights of Columbus has a dedicated, professional agent whom they can call on for their insurance needs.
Knights of Columbus agents are brother Knights first and foremost, and are charged with looking out for the best interest of our members and their families. These are good, Catholic men, who have taken on a career with the Knights of Columbus as their vocation. More than 1,500 full time agents work across the United States and Canada.
Each agent has approximately 800 Catholic families assigned to him, and it is his job to look after those families, meeting with them at least once a year.
Our agents are professionally trained and educated on our products and services. These agents are available to help you with your every need.
The Knights of Columbus insurance story begins in the winter of 1882 in the basement of St. Mary’s Church in New Haven, Conn.
It was there that our Venerable founder, Father Michael J. McGivney, gathered the men of his parish together to create a solution to a recurring problem.
Many Catholics — most of whom were immigrants — were working and living in unfavorable conditions. And many, tragically, were dying young, leaving behind widows and orphans with insufficient financial resources.
It was a cold reality that had confronted Father McGivney all too often — not only in the lives of his parishioners — but in his own. As a seminarian, he was forced to leave school and return home to aid his family when his father died unexpectedly.
Though this story of financial ruin for Catholic families was common, Father McGivney was convinced that there was a way to change the ending. He knew that if the Catholic men in his parish came together in mutual aid, widows and orphans could receive the support they needed.
He also knew that if Catholic men banded together, united by charity and unity, they could strengthen their faith, their families, and their communities.
So, he established the Knights of Columbus, and with it, a “pass-the-hat” insurance system to protect the Catholic families in his parish. Over time, that system has evolved, and today we stay true to our founding mission through our multi-billion dollar, top-rated insurance program. Members in the United States and Canada have exclusive access to our insurance program and products, including life insurance, retirement annuities, long-term care insurance, and disability income insurance.
Our charitable giving and fraternal service have continued to grow too. Nearly 2 million men in over a dozen countries across the globe are proud to call themselves Knights. Last year alone, these men and their families donated more than $177 million to charity and performed more than 75 million hours of service.
The Knights of Columbus is one of the largest life insurers in North America, and the largest Catholic life insurer in the world. *
Six numbers tell the story of Knights of Columbus strength:
In November of 2015, the Knights of Columbus surpassed $100 billion of life insurance in force.
Insurance in force is a calculation of the total amount of money owed to policy holders. Put differently, $105 billion of life insurance in force means that the Knights of Columbus has a $105 billion promise to members and their families.
The Knights of Columbus manages $22 billion of assets from their international headquarters in New Haven, Conn.
The Knights of Columbus manages its assets in an ethical and responsible way. The Knights does not invest in companies that deal in: abortions, contraception, human cloning, embryonic stem cell research, for-profit health care that pays for any of the aforementioned, and pornography.
In 2015 alone, the Knights of Columbus distributed $875 million to members and their beneficiaries in benefits, claims, maturities, annuities and dividends.
The Knights of Columbus has more than 2 million active contracts in force. That means that hundreds of thousands of brother Knights have elected to help protect their families and their futures with the Knights of Columbus.
Despite a rough economic climate, the Knights of Columbus has experienced 17 consecutive years of sales growth.
Remarking recently on the streak, CEO and Supreme Knight Carl Anderson said:
I firmly believe that our moral compass has helped guide us through a turbulent decade and an uncertain economy. While other companies were making ethically questionable and unnecessarily risky decisions, we were not. While others were looking for novel ways to do business and to increase profits, we were not….We stayed true to our principles and knew that if we did the right thing for the right reasons, we would get the results that we wanted — and we have.
For 41 consecutive years, the Knights of Columbus has earned the highest possible rating for financial strength, currently: A++ (Superior) from ratings agency A.M. Best.
“Through conservative management, active fraternalism, and high-quality insurance products, the fraternal society has grown to a multi-billion dollar international insurance organization,” A.M. Best said of the Knights of Columbus.
“Historically,” A.M. Best’s report continued, “the order's continued statutory gains from operations after dividends coupled with realized investment gains has enabled the order to build its adjusted unassigned funds in excess of needs to an exceptional level of risk-adjusted capitalization.”
The Knights of Columbus is committed to being a Catholic company that upholds Catholic values and supports Catholic causes.
The Knights of Columbus adheres to a strict investment screening protocol developed in part with the United States Conference of Catholic Bishops. The Knights of Columbus does not invest in companies that deal in lines of business that involve: abortions and abortifacients, embryonic stem cell research, human cloning, contraception, for-profit health care that pays for any of the aforementioned, and pornography.
The Knights also gives generously to the Church through various programs such as the Refund Support Vocations Program (RSVP). Since 1981, RSVP has provided more than $67 million in scholarships to more than 110,000 men and women pursuing religious vocations. The Knights supports the Vatican and the Holy Father as well, helping to restore the façade of St. Peter’s Basilica which was completed in 1999 for the millennial Jubilee. The Knights also purchased satellite equipment to help broadcast the pope’s messages and Masses throughout the world, in addition to giving an annual donation to Pope Francis’ personal charity with proceeds from the K of C’s Vicarius Christi fund.
The Knights of Columbus is one of the world’s largest forces for good. In the past decade alone, the Knights of Columbus has donated more than $1.55 billion to charitable causes, and has performed more than 700 million hours of volunteer service.
Knights have led major charitable initiatives including Coats for Kids, the Ultrasound Initiative, and Christians at Risk, and have also sponsored events and programs with organizations such as Special Olympics and the Global Wheelchair Mission.
The Knights of Columbus insurance program – coupled with the hard work and dedication of brother Knights anywhere – helps power the Knights of Columbus’ charitable giving. “The insurance program is a powerful financial engine that supports much of the good works we do,” said Knights of Columbus Supreme Knight Carl Anderson. “Through the insurance program, we are blessed with the opportunity to give generously and support numerous charitable and spiritual causes, building up society and the Church.”
“Of course, this is closely tied to our Catholic identity and the fact that charity is our first principle,” he continued. “We are called to be ‘our brother’s keeper,’ and to look after the physical and spiritual well-being of those around us. But the fact is that without the insurance program, much of what we do….would simply not be possible.”
For four consecutive years, the Knights of Columbus has been designated a “World’s Most Ethical Company” by the Ethisphere Institute, and is one of only a handful of companies in the insurance industry to have earned the honor.
The “World’s Most Ethical Company” evaluation is a comprehensive assessment of all aspects of a business’ operation, including its corporate citizenship and responsibility, its culture of ethics, its governance, and its leadership, innovation, and reputation.