What's Your KofC I.Q. (Insurance Quotient)?

(Circle "True" if you know the answer to be always true.)

A member must apply for the New Member Plan within the first six months of his First Degree.

After a member submits the Form 100 for his new member plan, he will receive his policy within six to eight weeks.

Once you have a New Member Plan, you may not buy additional KofC life insurance.

Louie, age 47, who joined the Knights in 1978, was seriously injured last year in an auto accident that wasn’t his fault, and died less than 90 days later. His widow received $2,500 under the Fraternal Accidental Death Benefit.

John joined the Knights about a year ago. Last week his 11 year old son, Steve, fell out of his neighbor’s tree and broke his arm. John will receive $1,000 for Steve’s accidental injury under the Fraternal Accident Benefit.

Jack’s son, Jimmy, was killed only 5 days before his 18th birthday by a drunk driver. John will receive $1,000 under the Fraternal Accidental Death Benefit.

Five years ago, Mike, an active member of your council for seven years, died of unintentional food poisoning. Mike’s widow will receive the $2,500 Fraternal Accidental Death Benefit.

Fred, a dues-paying member, has died. His widow is no longer covered under the Fraternal Accidental Death Benefit.

The Family Fraternal Benefits for miscarriage, stillbirth, and death within the first 61 days of birth, are all the same, and are available equally to all active Knights.

Matt is an associate member of your council. Last week, his wife, Jean, had a stillborn child. Matt will receive $750 under the Family Fraternal Benefit to help with the costs involved.

The Knights guarantee insurability and issuance of insurance to all of a member’s unmarried children who are under age 18.

The KofC philosophy with respect to life insurance is that members should “buy Term and invest the rest.”

Term insurance is best because it is inexpensive and will always be there when you need it.

I have plenty of life insurance at work and don’t need any more.

I have plenty of money and don’t need life insurance.

There is no need to notify your Field Agent if an associate member dies.

There is no need to notify your Field Agent if the wife, widow, or child of any member dies.

The various KofC Life Insurance plans are the same as any commercial carrier’s Variable and Universal plans.

Variable Life and Universal Life premiums are fixed and are guaranteed never to increase over the entire period of coverage.

After a Knight dies, his widow and children are no longer eligible to purchase KofC insurance.

Itzakh, a convert and an insured member, decides to convert back to Judaism. Since he is no longer Catholic, he is dismissed from the Knights and is required to surrender all of his KofC insurance policies and annuities.

Itzakh’s daughter Sharon, 22, remains Catholic, but marries a devout Lutheran. She is not permitted to purchase KofC Life Insurance unless her husband becomes Catholic and joins the Knights.

An “Inactive” member is one who pays dues but does not actively participate in council meetings, events, or functions.

George, an “Inactive” member, is not permitted to purchase additional KofC insurance.

A member may not apply for KofC insurance until after he takes his First Degree.