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Written by Chris Huntley
Founder of Huntley Wealth & Insurance Services Chris Huntley

Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insu...

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Reviewed by Rachael Brennan
Licensed Insurance Agent Rachael Brennan

UPDATED: Feb 24, 2022

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Table of Contents

What’s New In 2021 For Knights of Columbus Life Insurance 

How Has COVID-19 Affected Knights of Columbus Life Insurance

Like many insurance providers, Knights of Columbus Life Insurance saw a few changes in 2020 due to Covid-19. During the pandemic, the Catholic fraternal company dedicated some of its resources to those hurt financially by the pandemic. 

Some business practices were forced to change. While no employees were laid off, they switched to working remotely. The insurance company had an online presence before the pandemic, and now it is stronger than before.

New Products or Changes

Knights of Columbus Life Insurance has not added any new products for 2021 and hasn’t made any noticeable changes. Individual policy changes are not released to anyone but the affected parties. The company still offers permanent, term, long-term care, and disability insurance, along with retirement annuities.

Knights of Columbus Life Insurance in the News

The life insurance company rarely makes news headlines, except for its benefits programs. The fraternal Catholic order is dedicated to helping members. 

Along with benefits for policyholders’ families, there are also fraternal benefits and personalized services. During Covid-19, the fraternal order went out of its way to help affected members. 

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2021 Latest Knights of Columbus Life Insurance Reviews 

Knights of Columbus Life Insurance has limited membership; applicants must be Catholic and a member. The policies cover men ages 18 – 40, and a medical exam is required before coverage is offered.

The life insurance company is not accredited by the Better Business Bureau. It does have an A- rating with 13 complaints between 2017 and 2020.

An independent review of the Knights of Columbus Life Insurance found that the policies are affordable, especially for young men. There are also fraternal benefits policyholders get when they become a member of the organization. Downsides to coverage through the provider include unknown rates. Policy costs are only divulged after an applicant applies. It makes it hard to compare their fees with other insurance providers.

Best Life Rates also reviewed Knights of Columbus Life Insurance. They found that the company’s policies are only suited for a particular group of men. Women can also receive life insurance, but only as a dependent on a man’s policy. The age limit and required membership in the Catholic fraternal order is another drawback for many people looking for affordable life insurance. While the insurance is geared toward affordable coverage, it’s not the best choice for everyone.

Have you ever heard of Knights of Columbus Life Insurance?  If not, I wouldn’t be surprised…

In a world rife with stories of secret societies, the Knights of Columbus fits right in!

Well, in actuality they aren’t really a secret, but I would say they most definitely fly under the radar.

So, are their products worth your consideration?

They sure are – put your feet up and check out this Knights of Columbus Insurance Review, ’cause I have some GREAT insider information for you.

The Knights of Columbus Life Insurance Review

Knights of Columbus, the largest Catholic fraternal society in the world, was founded in 1882.

They are a philanthropic organization that provides several services to their community.

One of those offerings includes access to a complete portfolio of top-quality insurance products for their members and eligible family.


But as you can see, this is an exclusive offer that you can only access if you’re a member of the KOC.

RELATED: 5 Critical Tips You Must Know Before Buying Life Insurance

Additionally, these products are only offered by captive agents,  but what’s more interesting is that all agents are members of the Knights of Columbus as well.

So, without further ado, let’s review the KOFC insurance coverage offered by the Knights of Columbus Insurance Agents.

Fraternal organizations are groups that are formed based on a common bond, as with social or academic interests. Examples of fraternal organizations include college fraternities which are based on religion, previous members or just common interests. Sometimes these organizations provide great networking opportunities which allow graduates a smoother transition into the workforce. Fraternal Organization, Investopedia 

KOFC Insurance Products

Knights Insurance offers:

Which means that they don’t spread themselves too thin.

KOFC Insurance has set a goal to provide comprehensive insurance products with fantastic customer service – something that’s very attainable with such a limited number of offerings.

Knight of Columbus insurance is specifically designed to give members the best care possible.

Kinda makes you want to join right?

Knights of Columbus Whole Life Insurance

As the name suggests, these policies cover you for your entire life. There’s also a cash-value component included in these policies.

Their permanent products include:

  • Single Premium Knights of Columbus Whole Life – Secure protection with one single payment.
  • 10-Pay Life – Pay premiums in just ten years, and your death benefit is guaranteed for life.
  • 20-Pay Life – Pay premiums in just twenty years, and your death benefit is guaranteed for life.
  • Life Paid-Up at 65 – Pay premiums until 65, so that you don’t have to worry about additional expenses in retirement.
  • Life Paid-Up at 100 – Pay level, guaranteed premiums until your 100th birthday.
  • Graded Premium Whole Life – Enjoy lower premiums for your first few years to help you get started. Premiums will then gradually increase before leveling off.
  • Discoverer – a unique blend of the best features of both permanent and term insurance.
  • Graded Death Benefit – a guaranteed issue final expenses product.
  • Survivorship Universal Life – a second-to-die policy for couples, families, or business partners.

Knights of Columbus Term Life Insurance

Unlike permanent life insurance, KOFC term lasts for a predetermined period of time (such as 10, 15, or 20 years).

These policies have significantly cheaper premiums, but they don’t include the cash-value component.

Here are the KOFC term life insurance products offered by the Knights of Columbus:

  • 10 Year Term – 10 years of coverage, with the Accelerator Term Insurance series, which includes a unique opportunity to increase your coverage amount by 25%, to keep up with inflation and salary increases, for an extremely low cost.
  • 15 Year Term – 15 years of coverage, with the Accelerator Term Insurance series, which includes a unique opportunity to increase your coverage amount by 25%, to keep up with inflation and salary increases, for an extremely low cost.
  • 20 Year Term – 20 years of coverage, with the Accelerator Term Insurance series, which includes a unique opportunity to increase your coverage amount by 25%, to keep up with inflation and salary increases, for an extremely low cost.
  • Annual Renewable Term – Review and renew coverage annually, with adjusted premiums and a level death benefit.
  • Youth Insurance –  Ages 18 – 29

RELATED: Check Sample Life Insurance Rates by Age (No Personal Info Required)

Knights of Columbus Annuities

This is a retirement savings product where you make contributions, and, after a specified amount of time, the annuity pays you a regular income.

Knights of Columbus Annuity Products Available:

  • Single Premium Knights of Columbus Annuity – A single, lump-sum payment that accrues interest until you elect to begin withdrawals.
  • Flexible Premium KOFC Annuity – Premium payments can be made on a regular or irregular basis.
  • Single Premium Immediate Annuity – Purchased with a single payment, it begins to pay out immediately.

Plan Types in the United States

  • Non-Qualified Knights of Columbus Annuity
  • Traditional Individual Retirement Annuity
  • Roth Individual Retirement KOFC Annuity

Long Term Care Insurance Reviews

Provides financial assistance for costs and expenses related to long-term medical conditions. If you have major medical problems that will require long stays in hospitals or rehabilitation centers then this may be something you should consider.

Knights of Columbus long term care insurance is very comprehensive and offered at an affordable price. It is good to compare long term care insurance side by side because so many policies offer different coverages.

Disability Insurance

Provides financial assistance when a policyholder can no longer work due to injury or illness.

In addition to these standard products, Knights of Columbus Disability Insurance offers several extended services to their policyholders.

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Family Fraternal Benefits from the Knights of Columbus

Family Fraternal Benefits help policyholders with unique needs.

Some of these benefits include:

  • Guaranteed life insurance benefits for uninsurable children
  • Death benefits available for stillborn or miscarried children
  • Orphan benefits
  • Member/spouse accidental death benefits

Survivor Benefits

Knight of Columbus Insurance agents provide support to members and their families to help them in the aftermath of the loss of a loved one.

Personalized Services

When you buy a policy from Knights of Columbus you get a Comprehensive, Complimentary Financial Analysis

Knights Insurance Agents use “Profiles & Forecaster,” a proven industry analytical tool to identify risks and goals.

KOFC Insurance Agents also offer End-of-Life Planning.

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So Why Would I Pick KOFC Insurance?

Because Knight of Columbus Insurance Agents belong to the Order, policyholders know they’ll receive great customer service.

In fact, the Knights of Columbus website states that their agents are “brother Knights first and foremost”!

It’s like being related to your insurance agent!

Quick Pros:

  • Excellent life insurance coverage and affordable rates
  • Received A.M. Best’s highest rating in terms of financial strength (A++)
  • ‘Fraternal benefits’, Survivor Benefits & Personalized Service offered.

Pros of Knights of Columbus Life Insurance

Excellent Insurance Coverage & Affordable Rates

Well, frustratingly, it’s tough to get solid information about how much coverage Knights of Columbus offers.

That being said, their website states that their Knights of Columbus term life insurance is designed to provide you with a maximum amount of coverage at affordable and competitive rates.

This leads me to believe that their face values are substantial and rates more than fair.

Received AM Best’s Highest Rating

A company that’s financially solid, is a company you can trust.

…and you’d be hard-pressed to find an insurer that can compete with Knights of Columbus in this category!

Financial strength indicates how stable the company is, how successful, and how likely they are to stick around. Knights of Columbus has an excellent track record:

  • A.M. Best has given KOC their highest rating (A++) for over 40 years straight
  • Standard and Poor’s gives Knights of Columbus an ‘AA+’ rating
  • KOC ranked #900 on the Fortune 1,000 list of U.S. corporations

In a nutshell, A.M. Best is one of the most reliable insurance rating agencies out there. They don’t give A++ ratings lightly, which means that they believe KOC is exceptionally stable and trustworthy.

You can read more online reviews like the one below in order to gather more information on what it’s like to be a policyholder:

Knights of Columbus Insurance Review, KOFC Insurance

All signs indicate that Knights of Columbus is one of the most financially stable insurance providers out there. As of 2014, KOC has $21 billion in assets.

This society has been around for over 135 years, and they continue to expand.

Fraternal Benefits, Survivor Benefits & Personal Services

As I mentioned above Knights of Columbus offer Fraternal Benefits, Survivor Benefits and Personalized Financial Services.

Now that’s something, isn’t it?

When the chips are down, not only will you receive your standard death benefits, but you’ll have a supportive group of fellow members to lean on.

These benefits remind policyholders that their insurance is set up with their best interests in mind.

Knights of Columbus Insurance surely takes customer service to the next level!

What customers think is true. Unfortunately, it may not be supported by the facts. Understand that they will hold on to this truth and do not fight to change their mind. Apologize and then try to come up with a satisfactory solution.  The 10 Keys of Excellent Customer Service, Forbes  

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So Why Would I NOT Pick Knight of Columbus Insurance?

There’s no such thing as perfection!  Let’s face it, there’s always some downside to the upside – and Knight of Columbus Insurance is no different.

So let’s see what their weaknesses are now!

Quick Cons:

  • They offer a relatively limited line of products
  • You have to be a member of the Knights of Columbus to enjoy their insurance products
  • Some families may not receive the same fraternal benefits

Cons of Knights Insurance

If you’re looking for any other type of insurance, you’ll need to look further.

That being said since Knight of Columbus Insurance focuses only on a few types of insurance products, they offer some of the best coverage in North America in these categories.

KOFC Insurance Isn’t Offered to the General Public

Another downside to Knights of Columbus is that their insurance isn’t open to the public. You must be a member of the Order to qualify for coverage. While members of the Order benefit from the exclusivity of Knights of Columbus insurance, nonmembers are out of luck.

Fraternal Benefits May Not Be Distributed Equitably

Finally, not everyone enjoys the fruits of a fraternal organization. In fact, several reviews have complained about the social drama and pressure that they experienced with Knights of Columbus Life insurance.

Check out an example of one these reviews below:

review Knights of Columbus

The question is, do you really want your insurance to be tied up in a social group that you’re a member of?

Personally, this is the main drawback that keeps me from shouting “Knights of Columbus Life Insurance” from the rooftops!

I’m actually considering a Knights of Columbus membership because this offer looks so good – how can I get a quote?

Since Knight of Columbus insurance isn’t offered to the public, it’s difficult to know how they match up to other insurance companies.

No quick quotes are offered which means you’ll need to contact a local Knight of Columbus agent to get a personalized quote.

…even if you’re a member.

It really is simple. KOFC Life Insurance is designed to take care of their valued members.

The  Knights of Columbus website does offer an insurance calculator that you can use to determine how much life insurance you need to protect your family.

Knights of Columbus Calculator

Because I’m such an advocate of shopping around before you select an insurance company, this is a bit of an obstacle for me.

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Check it out.

Cut and dried. Simply go to the Huntley Wealth site and generate a free quote with just a few bits of information.

Because we’re independent agents and have access to dozens of the best life insurance companies in the US, we’ll find the least expensive premiums for YOUR personal circumstances in no time at all.

Gotta love transparency!

So Let’s Talk About Prices!

Yeah, yeah, I know… I can only make an educated guess here.

Sorry everyone — it’s difficult to find specific information on how Knights of Columbus insurance rates compare to other companies.

***NOTE: A Knights of Columbus membership costs $30 annually.


I have reason to believe that Knights of Columbus Life Insurance Policies are likely quite affordable!

Let me explain.

Being a Member of the Knights of Columbus Pays Off…

KOFC Life Insurance is specifically designed to take care of their valued members, rather than make money off them.

Plus, the agents are members themselves, which means that they are more likely to look after policyholders.

…not to mention the fact that I snooped around a bit online and word on the street is that the other carriers can’t compete. But hey, that’s just hearsay. You never really know until you see the numbers in black and white.

If you happen to be a member or are interested in becoming a member, give them a call.

Remember, comparing quotes is the ticket to finding the most affordable policy, and research is the best way to make sure you get a company that works for you.

Hey, since you’re reading this review, you’re already halfway there!

I’ve gotta say, it’s a shame that the public can’t benefit from Knights Insurance.

They offer some of the highest-quality life insurance out there and rank high on my list of life insurance providers.

To summarize, Knights of Columbus Insurance…

They Offer: Life Insurance, Retirement Annuities, Disability Insurance & Long Term Care Insurance

Yep! A solid offering of affordable and comprehensive insurance to meet your personal needs.

All of that with a smattering of AWESOME customer service to top it off.

I will, however, say, that their products are limited so if you’re looking for a homeowner’s policy or auto insurance, you need to look elsewhere.

All Representative are Knights of Columbus Insurance Agents

You deal with fellow members of Knights of Columbus, rather than an agent you may never see again.

There is something to be said for those personal connections.

Fraternal Benefits Are Provided

The Knights of Columbus don’t just sell a policy and forget about you. There are Fraternal Perks, Survivor Benefits, and Personal Financial Advice.

BUT  – this can also be a drawback.

Not everyone enjoys belonging to a fraternal organization. In fact, several reviews have complained about the social drama and pressure that they experienced with Knights Insurance. It depends on what you are looking for.

Obtaining Quotes Is Tough!

THIS is frustrating. I like to know what I’m dealing with and KOC doesn’t give you any indication of how much your premiums may be.

I did do my homework though, which brings me to affordability…

KOC Insurance Offers Affordable Products


All indications are  – the Knights of Columbus sell insurance as a service to their community members, not necessarily as a way to make a lot of money.

…and from what I read their prices are tough to beat.

Extraordinarily Financially Stable

Last but NOT least – if you’re looking for a safe company to buy insurance from – there is nothing better in the market.

The Knights of Columbus is a VERY solid company.

You can sleep well knowing that your family won’t have a hard time getting them to pay their claims.

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In Conclusion

Sure, Knights of Columbus is a great life insurance provider.

But, let’s be honest here. Most of you aren’t going to become a member just to have access to their life insurance — nor should you.

Give us a call!

You won’t be pressured into buying a policy, but we can help you weigh your options.

The most important thing to know when you are shopping for life insurance is that NOT all companies are created equal.

Knowing the ins and outs of the underwriting process is key to finding the cheapest rates and our agents are ROCK stars.