KofC insurance agent - valid or bunk?

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JLCecilia

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A gentleman w/ our diocesan office called our home a couple of times this week and then we received a postcard/letter from him in the mail claiming a career opportunity w/ the KofC as an ins. agent.

Does anyone have any experience w/ this? Can you tell me if this is a valid offer for a family seeking a steady income? My husband called him back last night and may either meet w/ him next week or the following week.

My concern is the title as ‘self-employed.’ Just wondering if this is a ‘too good to be true’ situation. Advise and (name removed by moderator)ut would be helpful and appreciated. Thanks and God Bless.
 
Yep… They offered my dh a job as insurance rep… dh said no thanks but we do have the insurance… They are a very reputable group.
 
DH, DS and self all have KofC insurance… and it is really great.
 
We have KofC insurance. I have never heard of it being offered to non-knight families, though.

Why not call the chancery and ask? I am sure they want to know if somebody is out there posing as a KofC insurance agent.
 
From what I understand, K of C insurance is great, and it is ONLY avalilable to Knights and their families.
 
I actually go a letter a few months back talking about career opportunities. I think each state or distric has their own way of recruiting new agents.

And as some have said, excellent insurance! They even wrote a policy on daughter who has Down Syndrome and has had open heart surgery. No one else would touch her.
 
JLCecilia said:
A gentleman w/ our diocesan office called our home a couple of times this week and then we received a postcard/letter from him in the mail claiming a career opportunity w/ the KofC as an ins. agent.

Does anyone have any experience w/ this? Can you tell me if this is a valid offer for a family seeking a steady income? My husband called him back last night and may either meet w/ him next week or the following week.

My concern is the title as ‘self-employed.’ Just wondering if this is a ‘too good to be true’ situation. Advise and (name removed by moderator)ut would be helpful and appreciated. Thanks and God Bless.
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K of C…are very legit. They were formed as one of the first fraternal insurance companies out there, and if you’re buying from them, it would be fine. My husband is a K of C, and back in PA, he looked into being an agent. I think you could make a living, but not right away–I think most of the men he met that did this, did it on the side so they could keep their licenses in tact. I believe you only make commission, no salary, no benefits. It wouldn’t be a job for someone who was solely supporting their family, or needed quick income. My husband liked the idea of doing it on the side, then we ended up moving back to FL. But, if your husband has a large pool of people who he knows will be sure to sign up, then it wouldn’t be as risky. But, if he has not ‘book’ of business, then it would be a while until he sees decent money. Just my two cents from what my husband (who has sold life insurance for quite a while before becoming a knight) told me about the whole thing.
 
**If the KofC insurance agents can only sell to KofC members how do they not step on each other’s toes and ever make any decent money?

Hubby was thinking of joining the Knights and being able to do something aside from his regular job would be a bonus…we’ll have to see if that is even an option here.
**
 
The future Mr. Star_of_Knight is the Grand Knight of our parish K of C and the insurance itself is very reliable and well respected. For instance, those who lost loved ones on 9/11 had there pay out within DAYS of the tragedy.

As far as making a living, it can be a little harder as the the insurance is only available to other knights, but it really depends on where you live. In our state there are only two K of C agents, so I’m sure a third could make good money given time, but a more populous state would have more agents and probably less opportunity.
 
I don’t know about how easy/hard/profitable it is to sell, but my dad, brother, and DH all have policies with the knights. My brother has a heart condition and couldn’t get coverage from anyone else (at least not at an exorbitant rate). Our agent is a super guy, my dad is always harassing me to call him and get a policy myself!
 
Feanaro_s_Wife said:
**If the KofC insurance agents can only sell to KofC members how do they not step on each other’s toes and ever make any decent money?

Hubby was thinking of joining the Knights and being able to do something aside from his regular job would be a bonus…we’ll have to see if that is even an option here.
**
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They can sell to anyone…many leads can come through the K of C…but they can sell to anyone.
 
Feanaro_s_Wife said:
**If the KofC insurance agents can only sell to KofC members how do they not step on each other’s toes and ever make any decent money?

Hubby was thinking of joining the Knights and being able to do something aside from his regular job would be a bonus…we’ll have to see if that is even an option here.
**
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KofC Insurance agents are assigned Council members & their families based on districts and/or assemblies, so there is no stepping on toes.
JLCecilia said:
A gentleman w/ our diocesan office called our home a couple of times this week and then we received a postcard/letter from him in the mail claiming a career opportunity w/ the KofC as an ins. agent.

Does anyone have any experience w/ this? Can you tell me if this is a valid offer for a family seeking a steady income? My husband called him back last night and may either meet w/ him next week or the following week.

My concern is the title as ‘self-employed.’ Just wondering if this is a ‘too good to be true’ situation. Advise and (name removed by moderator)ut would be helpful and appreciated. Thanks and God Bless.
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I’m assuming that your husband is a member of the Knights of Columbus. If so, he should be pretty knowledgeable concerning the KofC insurance program. If not, he would not be eligible for this position.
 
whatevergirl said:
They can sell to anyone…many leads can come through the K of C…but they can sell to anyone.
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That is not true, whatevergirl. Only members of the Knights of Columbus in good standing may buy a policy from a Knights of Columbus insurance agent. As a wife of a Knight I have a policy.

The insurance alone is a good reason for a practicing Catholic man to consider membership in the Knights. For the 14th year in a row it has been given Standard and Poor’s highest rating of AAA (Extremely Strong).

kofc.org/un/eb/en/news/releases/detail/104912.html
The Standard & Poor’s report goes on to note that the Knights of Columbus is “successfully achieving its primary objective of providing members and their families with high-quality, low-cost insurance products. The [Order] focuses on membership growth and the distribution of fraternal benefits by engaging its members in charitable, educational, religious, and social endeavors in the community.”
Supreme Knight Carl A. Anderson expressed satisfaction with the Standard & Poor’s rating, saying the report “clearly indicates that the Knights of Columbus is fulfilling its 125-year mission of providing for the needs of its members and their families, and that it continues to rank among life insurance industry leaders in sound and ethical practices.”
 
whatevergirl said:
They can sell to anyone…many leads can come through the K of C…but they can sell to anyone.
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They can only sell to Brother Knights and by extension their family. My Dh just joined and we just got policies on both of us and are working on what to do with the children. In addition to regular term life insurance, they have whole life insurance which is an investment–totally PROLIFE investments. They make sure that the companies they deal with are prolife. That sold me right there. They often know Brother Knight attornies that will help you with your will as well for a reasonable rate.
 
Philothea53 said:
What is a Star of Night? I’ve haven’t heard that term used with KofC.
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That’s because it’s my user name.😛 I was using it in connection to me end, not KofC. My future husband=the future Mr. Star_of_Night. I figured if I said Daniel, you wouldn’t know who I was talking about.😉
 
Star_of_Night said:
That’s because it’s my user name.😛 I was using it in connection to me end, not KofC. My future husband=the future Mr. Star_of_Night. I figured if I said Daniel, you wouldn’t know who I was talking about.😉
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😃
 
Philothea53 said:
That is not true, whatevergirl. Only members of the Knights of Columbus in good standing may buy a policy from a Knights of Columbus insurance agent. As a wife of a Knight I have a policy.

The insurance alone is a good reason for a practicing Catholic man to consider membership in the Knights. For the 14th year in a row it has been given Standard and Poor’s highest rating of AAA (Extremely Strong).

kofc.org/un/eb/en/news/releases/detail/104912.html
The Standard & Poor’s report goes on to note that the Knights of Columbus is “successfully achieving its primary objective of providing members and their families with high-quality, low-cost insurance products. The [Order] focuses on membership growth and the distribution of fraternal benefits by engaging its members in charitable, educational, religious, and social endeavors in the community.”
Supreme Knight Carl A. Anderson expressed satisfaction with the Standard & Poor’s rating, saying the report “clearly indicates that the Knights of Columbus is fulfilling its 125-year mission of providing for the needs of its members and their families, and that it continues to rank among life insurance industry leaders in sound and ethical practices.”
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I didn’t know that–thanks for the info.
I definitely wouldn’t do that as a sole source of income then, because there is never a guarantee that your family will buy from you. When I sold personal lines insurance, I was hesitant to sell to family, as many already had policies, and they would just be doing me a favor.

I think that it’s better as a side thing, until you can build a good base…that’s the nature of life insurance, in general, has been my finding. Unless a company is willing to pay one a salary, I would consider it a side thing.
 
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