Life is unpredictable. An illness or accident can disrupt your ability to work, putting your income—and your family’s financial stability—at risk. That’s why Disability Income Insurance is a vital part of any comprehensive financial plan. For Catholic families, the Knights of Columbus offers a values-based solution designed to protect your paycheck when you need it most.
What Is Disability Income Insurance?
Disability Income Insurance helps replace lost income if you’re unable to work due to a disability caused by illness or injury. Unlike health insurance, which covers medical expenses, this coverage ensures you still receive a monthly income—so you can pay bills, support your family, and maintain your lifestyle
Why It Matters
- You have a 1 in 4 chance of experiencing a long-term disability during your working years.
- Over 100 million Americans lack private disability coverage.
- Employer-provided disability insurance may be limited or conditional, leaving gaps in protection.
Knights of Columbus Disability Income Insurance is designed to fill those gaps with flexible, member-focused coverage.
Key Features of Knights of Columbus Disability Insurance
1. Monthly Benefit Amount
Work with a Knights of Columbus field agent to determine a benefit amount based on your income and needs.
2. Benefit Period Options
Choose how long benefits are paid during a disability:
- 2-Year: Short-term protection.
- 5-Year: Mid-range coverage.
- To Age 67: Full working-life protection.
3. Elimination Periods
Select a waiting period before benefits begin:
- 30, 90, or 180 days—similar to a deductible.
4. Special Benefits and Riders
- Waiver of Premium: No premiums due while disabled.
- Partial, Total, and Presumptive Disability Benefits: Tailored to different levels of disability.
- Catastrophic Disability Rider: Extra monthly benefit for severe disabilities.
- Cost of Living Adjustment (COLA) Rider: Keeps benefits aligned with inflation.
Who Is Eligible?
Knights of Columbus insurance products are available exclusively to Catholic members and their spouses. This ensures personalized service and alignment with Catholic values.
Final Thoughts
Your ability to earn an income is one of your most valuable assets. Disability Income Insurance from the Knights of Columbus helps protect that asset, offering peace of mind and financial stability during life’s unexpected challenges. With customizable options and compassionate service, it’s a smart choice for Catholic families planning for the future.
Interested in learning more? Contact your local Knights of Columbus field agent to explore your options and build a plan that fits your life.