Henry Stolzenthaler Council No. 1675

A Message From Our Insurance Agent, Vinny Valerio:

We are pleased to announce the introduction of the Knights of Columbus SINGLE
DEPOSIT PAID-UP ADDITIONS RIDER. This addition to our portfolio of life insurance
plans means that policy holders have greater flexibility in choosing where to
place their tax favored savings dollars.
The SINGLE DEPOSIT PAID-UP ADDITIONS RIDER offers you and your family the
opportunity to guarantee higher cash value accumulation while providing
additional life insurance coverage. Both of these features offer the benefit to
leverage the unique tax favored benefits of life insurance.
DESCRIPTION: This rider provides the insured an opportunity to make a onetime
purchase of participating paid-up life insurance.
AVAILABILITY: The SDPUA Rider is available on any premium paying permanent life
plan with a minimum face amount of $25,000 written Feb. 1, 2008 or later.
MINIMUM AMOUNTS: The minimum single premium deposit amount is $300. It
should be kept in mind that too large a deposit in relation to the base plan could
make the plan a MEC (Modified Endowment Contract) We will issue a Modified
Endowment Contract (MEC) policy with the proper authorization from the policy
owner.
Who Needs It?
Those who need guaranteed coverage for life*
Those who want supplemental income, such as an annuity.
Those who want their life insurance coverage to remain predictable &
affordable       throughout life*
Those who want an asset protected from creditors
Those who want help in equalizing estate distribution for heirs
Those who want the freedom to spend other assets
Those who are seeking to maximize gifts to charities
Those who want to maximize retirement income for their surviving spouse
* Source: Best‟s Review “The Guide to Understanding Financial Protection
Products”

1.        CAN BE USED FOR A 1035 EXCHANGE.
2.        ANY MONEY TAKEN OUT OF THE CONTRACT VIA PARTIAL SURRENDERS,
COMES OUT BASIS FIRST – NOT TAXED (NON-MEC ONLY).
3.        ONCE BASIS IS WITHDRAWN, MONEY CAN BE TAKEN OUT OF THE CONTRACT
VIA POLICY LOANS – ALSO NOT TAXABLE AT THE TIME OF THE LOAN (NON-MEC
ONLY).
4.        MONEY CAN BE TAKEN OUT AT ANY AGE - NO PENALTY TAX (NON-MEC
ONLY).
5.        AMOUNT PAID AT DEATH IS FACE AMOUNT LESS ANY POLICY LOAN (MORE
THAN ACCOUNT VALUE) AND PROCEEDS ARE NOT TAXABLE.
6.        OFFERS THE OPPORTUNITY FOR GUARANTEED INCREASED CASH VALUES
FOR THE LIFE OF THE POLICY.
7.        WORKS WELL WHEN INCOME IS EXPECTED TO DROP IN THE FUTURE (SUCH
AS RETIREMENT TIME) AND POLICY NON-FULL PAY PERIOD CAN BE ACCELERATED.
8.        THE INSURED WILL NEVER BE HEALTHIER THAN HE/SHE IS RIGHT NOW!!