FRATERNAL BENEFITS AND SERVICES

Knights of Columbus insurance consistently ranks at the top of the industry in financial stability and ethics.
Please call (905) 820-8117 to discuss these services:

• Financial needs analysis
• Life insurance
• Tax deferred fixed-rate annuities
• Long-term care insurance
• Retirement account rollovers
• Estate preservation
• Scholarships
• Family fraternal benefits

 

FOOD FOR THOUGHT FROM YOUR FINANCIAL ADVISOR

MAY 2010

Kof C RRSP Guaranteed Interest Rates effective for deposits made April 1- June30, 2010:
3.00% on balances under $10,000 and 3.25% for balances $10,000 and over.
(effective until Dec 31, 2010 – early withdrawal charges could apply)

Same rates apply to Tax Free Savings Accounts(TFSAs), Non-Registered Accounts and RRIFs.Transfers are available to roll over RRSPs, TFSAs and RRIFs from other institutions to the K of C. Check your bank statements for investments that are maturing soon. We use Revenue Canada transfer forms to guarantee the money stays tax-sheltered RRSPs, TFSAs or RRIFs.

And as you have read in the Columbia Magazine, with our $1.7 billion surplus, and our conservative investment strategy (approx 85% of our over $14.8 billion of assets is in investment grade bonds), and no need for borrowing, your funds are secure with the Knights of Columbus. There is never a minus sign in the growth of your balance on your annual statement. You can NEVER earn less than our minimum interest rate of 3.00% or 3.25% on balances $10,000 and over.

And another record year for the K of C... over $7.5 Billion of new life insurance issued in 2009. And a record amount of money deposited in RRSPs, RRIFs and TFSAs... new and transferred in.

Our second quarter financial newsletter contains these important topics for your review.
(Click on the cover image to download a PDF)

1. Term vs. Permanent Insurance
2. Five Factors that should go into any life insurance decision
3. Our Strength is your Security

Please consider Long Term Care (with a choice of remaining in your own home, an assisted living centre or in a long term care facility) as part of your financial planning. Give me a call and I will get the details to you, if you do not have insurance the long term care housing costs must come out of your savings, investments and/or government benefits.

Mario Rodriguez
mario.rodriguez@kofc.org

 

 

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This is written to provide accurate and authoritative information with respect to the subjects covered. However, the information contained on this site is not intended as a substitute for direct financial and legal advice. For such assistance, please contact a qualified professional. Reproduction of any part without written permission is strictly prohibited. Published in conjunction with the Knights of Columbus by Jargon Marketing; distributed in the United States and Canada. Copyright © 2009 Jargon Marketing, 1 N. Pinckney Street, Madison, Wisconsin 53703, (800) 419-5203