November 1st will mark my 5th Anniversary as a Field Agent. I want to thank all of the Brother Knights who have warmly welcomed me into their homes and shared their hospitality with me. I have made about 2,500 visits and handled 143 Death Claims. Four questions stand out in my mind from my experiences:
WILLS - While everyone acknowledges the importance of them, only about one in four Knights have wills, living wills, health care surrogacies and powers of attorney in place. Why do so many leave these important documents unprepared? What about you?
PLAN - What's your plan for when you pass away. Eighty percent of the time the Knight will pass before his spouse. Yet few can articulate a plan for preservation and growth of assets. Few can name who would act as a trustee if necessary. Few have analyzed in any detail how their family would be protected from an economic point of view. What about you?
INSURANCE - Fr. McGivney founded the Order on the principle of Unity , that all Knights would be insured members. Only about 55% of our local members protect their families through the Order. I'm curious about why so members are so loyal to their commercial insurers, especially in view of the events of the past year, and not to the Knights of Columbus. What about you?
PRIESTS - I find it interesting that 75% of the priests who live in my area are insured members of the Order. Why is their participation rate so much higher?
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Why do I believe so much in the Order? Here is an example. At age 29, 30 years before I became a Field Agent, I took out a $10,000 Whole Life Policy with the Order. What is it worth today?
Original Death Benefit $10,000
Annual Premium $242 (The last year's dividend was $605, 2.5 times the premium)
Premiums Paid to date $8,470
Cash Value $27,263 (3.2 times amount paid)
Death Benefit $33,600 (3.36 times original Death Benefit)
That's why 85% of my family members are insured with the Order.
Tom Cummings
Your Field Agent
813-625-2444
thomas.cummings@kofc.org
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