Yesterday, Bonnie and I were baby sitting and while the grandkids were napping I watched some of the daytime old cowboy shows like Gunsmoke and Bonanza. I hadn't seen either in many years and it was wonderful to see Marshall Matt Dillon and Patriarch Ben Cartwright in action. I noticed that all the commercials were directed toward seniors with the Six Million Dollar Man, the host of Jeopardy and similar icons touting products including a guaranteed issue life insurance product.
Isn't it amazing how these companies can promote their products at tremendous cost and attract so many seniors to buy their products?
I looked up the A.M. Best rating for the life insurance company in question and found it to have a B+ financial rating with a bbb- credit rating, not exactly stellar.
Many of our members have taken out baby policies on their children and grandchildren with an internationally famous baby food company which has an A.M. Best financial A and credit a rating.
By contrast, the Knights of Columbus have more competitive rates, build higher cash values and have an A.M. Best rating financial rating of A++ and a credit rating of aa+, the highest in the industry.
Over the past eight years I have visited with many families that have policies with companies that have lower ratings than the Order, build significantly lower cash values, do not pay dividends and sadly in the cases of universal and variable not infrequently go belly up. Many of the older seniors lament later in life that they didn't secure their family's protection with the Order.
What about you?
Is your family protected through the Order?
If not, why not?
I'm now 60 days away from retirement. If it makes sense to meet with me before the end of October, give me a call and let's get together for a Fraternal Visit.
Fraternally,
Tom
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