Fraternal Benefits Message – September 2025

What is a “guaranteed purchase option rider?” When considering a policy for your child you may ask yourself what a good reason is to get the policy with the Knights of Columbus and one reason is the GPO, guaranteed purchase option. Who wants this? Anyone who wants to guarantee the ability to purchase additional insurance in the future regardless of changes in health. Those that want to guarantee that their insurance program will be “self-completing” should they become disabled, with the premium waiver rider. Those that want to build in ‘inflation protection’ to their permanent life insurance program. Parents that want to guarantee that their children can purchase additional Knights of Columbus life insurance later in life when they start assuming adult responsibilities. This option permits an insured to purchase additional amounts of permanent life insurance at predetermined points in time without providing evidence of insurability. The normal option dates are the policy anniversaries nearest the insured's 17th, 25th, 28th, 31st, 34th, 37th and 40th birthdays. A policy for your child can have many benefits and it is a policy that can be with them for life and can be paid up by a predetermined time. A child policy with the Knights can be a way of showing your children financial responsibility and giving them a gift of knowing how important the Knights of Columbus is, both to you and them, as a reminder of what the Knights are about and how we protect families. Give me a call and let me know how I can help you with your personal situation.

Ryan Janak – Field Agent

832-693-3160

Ryan.Janak@kofc.org