1. 3485 POINTS
    J Scott BurkePRO
    President, Newbury Inc., Evansville, Indiana
    Yes. If by asking if they are good you mean "Do they pay their death claim when the insured dies?" All life insurance companies pay their legit death claims.

    To know if Knights of Columbus is a good value for you, you just need to compare the rate (monthly premium) to what you can get from other life insurance companies. You will probably find they are competitive at some ages and not at others. All life insurance companies have certain "sweet spots" that they are good with and others that they are not.

    LIke all Fraternal Benefit Societies, Knights of Columbus is not protected by any state guarantee funds so you may need to sign a waiver that you are aware of that in some states. You should study what that means at your state's Department of Insurance website.

    Knights of Columbus (like all fraternals) does not issue life insurance POLICIES. They issue certificates of coverage, not policies. There is a difference and you should make certain that you understand the pluses and minuses of each before making a commitment.
    Answered on May 5, 2013
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