Long-Term Care Insurance | Knights of Columbus

Planning for the Future: Long-Term Care Insurance with Knights of Columbus

As we age, the need for long-term care becomes increasingly likely. Statistics show that 70% of people over age 65 will require some form of long-term care during their lifetime.

What Is Long-Term Care Insurance?

Whether it’s assistance at home or care in a skilled nursing facility, the costs can be substantial—and traditional health insurance or government programs like Medicare often fall short.

That’s where Long-Term Care Insurance comes in, and for Catholic families, the Knights of Columbus offers a faith-aligned option worth exploring.

"The Knights of Columbus policies work by establishing a pool of money, known as a maximum lifetime benefit, which policyholders can draw from to pay for qualified long-term care expenses."

Who Is Eligible?

Knights of Columbus insurance products are exclusive to practicing Catholic members and their spouses.

This membership-based model aligns with the organization’s mission but may limit access for non-members. It ensures that your premiums support an organization that shares your Catholic values.

High Financial Ratings: A+ (A.M. Best) & AA+ (S&P Global)

Key Features & Options

Customizable coverage designed to suit your unique needs and budget.

Coverage Types

  • • Comprehensive: Care at home or in a facility.
  • • Facility-Only: Nursing or assisted living focus.

Benefit Periods

Choose from 3, 5, or 10 years, determining the size of your benefit pool.

Elimination Periods

Options of 30, 90, or 180 days before benefits begin.

Inflation Protection

Riders like 3% or 5% compound inflation protect your purchasing power.

Spousal Benefits

Discounts up to 30% and shared benefit options for couples.

Personalized Service

Dedicated agents help set Daily Benefit Amounts and premiums.

Important Considerations

“Usual and Customary”

The insurer determines whether a claim is “usual and customary,” which may limit benefits even after approval.

Partnership Certification

Does not offer partnership-certified policies, which can protect assets if applying for Medicaid later.

Connect with an Agent

Long-Term Care Insurance is a vital part of financial planning for retirement. Connect with the Lewans Agency to discuss a faith-based solution for your family.

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306-949-0270

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Suite 222, 408 Broad Street, Regina, SK S4R 1X3

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Lewans Agency | K of C Insurance | Regina

Proudly servicing Knights of Columbus families in Saskatchewan.

Suite 222, 408 Broad Street, Regina, SK S4R 1X3 Canada
Phone: 306-949-0270 | Email: [email protected]

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