Planning for retirement is one of the most important financial decisions you’ll ever make. Whether you’re just starting or nearing retirement age, having a reliable income stream is essential. The Knights of Columbus offers a suite of retirement annuity products designed to provide guaranteed income, peace of mind, and faith-aligned financial stewardship.

What Is a Retirement Annuity?

A retirement annuity is a financial product that allows you to accumulate savings over time and then convert those savings into a steady income stream during retirement. With a Knights of Columbus annuity, your principal is guaranteed, and you’ll receive a minimum interest rate, regardless of market conditions

Types of Knights of Columbus Annuities

Knights of Columbus offers several annuity types to suit different retirement goals and financial situations:

1. Single Premium Deferred Annuity

One-time lump-sum payment.
Accrues interest until you choose to begin withdrawals.
Ideal for those with a large sum to invest upfront.
Guaranteed interest rate (e.g., 3% for 7 years).

2. Flexible Premium Deferred Annuity

Make regular or irregular contributions.
Minimum initial premium as low as $100.
Great for ongoing retirement savings.
Same guaranteed interest rate as a single premium option.

3. Single Premium Immediate Annuity

Begins paying out immediately after a lump-sum payment.
Designed for those ready to retire and start receiving income.
Payments are typically based on age and life expectancy.

Canadian Options

For members in Canada, the Knights of Columbus offers:

Registered Retirement Savings Plans (RRSPs)
Tax-Free Savings Accounts (TFSAs)
A hybrid RRSP + Single Premium Whole Life product for combined insurance and retirement savings.

These products are simple, fixed, and secure—free from hidden fees and backed by the Knights’ ethical investment philosophy

Key Benefits

Guaranteed Principal: Your investment will never lose value.
Minimum Interest Rate: Your annuity earns a fixed rate, regardless of market fluctuations.
No Hidden Fees: Transparent structure with no annual management charges.
Tax-Deferred Growth: Earnings grow tax-free until withdrawal.
Surrender Flexibility: Withdrawals allowed after the guaranteed period, with up to 10% annually penalty-free.

Who Can Apply?

Knights of Columbus annuities are available exclusively to Catholic members and their families. This ensures personalized service and alignment with Catholic values.

Final Thoughts

Retirement annuities from the Knights of Columbus offer a secure, faith-based way to prepare for your future. Whether you’re looking for steady growth, immediate income, or a tax-advantaged savings plan, their products are designed to meet your needs with integrity and reliability.

Ready to take the next step? Contact your local Knights of Columbus field agent to explore your options and start building a retirement plan you can count on.