MANILA, Aug. 22, 2015 – The Knights of Columbus Fraternal Association of the Philippines, Inc (KCFAPI) launched its newest product, a limited pay participating whole life plan, on Aug. 21 through its Fraternal Benefits Group Department.
Dubbed the “KC Elite Pro: Retire Right and be Protected for Life” the product provides lifetime protection and anticipated living benefits or cash bonuses.
“As a proud member of this plan, you also support charitable causes and projects of the Knights of Columbus in the Philippines and other benevolent activities,” said KCFAPI FBG Vice-President, Gari San Sebastian.
Contributions are payable within five (50, ten (10) or fifteen 15 years. Plan benefits include:
- whole life insurance benefits
- accidental death benefit rider
- anticipated living benefits
- cash participation
- cash value, among others
“Everyday in our lives we encounter the poor, poor in the sense that lack of faith. As being missionaries of the poor, we evangelize and we spread the Gospel. This is part of the mission of being a brother knight,” added Sebastian.
KCFAPI offers 3 groups of plans:
- protection group
- retirement group
- savings & investment group.
An accidental death benefit rider may also be attached to the KC Elite Pro Plan. KC members and their immediate family members who intend to have both whole life protection will receive their retirement benefits at age 60, 65 or 70.
For inquiries, interested parties may contact the FBG Department at telephone numbers (63) (02) 527-2223 to 27. (Yen Ocampo / CBCP News)