KC Assurance PlanA prudent Catholic gentleman and father of family endeavors his best to provide his family a secure financial future by owning life insurance coverage. He diligently sees to it that his amount of insurance program matches the amount of funds that his family needs in the event of his untimely demise. Usually the amount of his coverage is fixed under his insurance contract while his family need is overtaken by inflation (increasing prices). In the process, he gets additional coverage every time he feels that his coverage may no longer be adequate. In so doing, he pays for the additional insurance contribution at a higher rate considering that he gets older. This problem is compounded when he is charged additional rating due to health conditions, or worse, is declined for insurance coverage.

The KC Assurance Plan provides the solution for these problems through its unique feature of annual increases in coverage by 12.5% of the original sum insured beginning the 2nd year until the same is doubled starting on the 9th year. This unburdens the Benefit Certificate holder from monitoring his insurance coverage with more frequency. The big deal is he does not pay for the additional 100% insurance coverage.

Subscription to this plan is easy to the pocket and affordable even to those average income earners. The Benefit Certificate is fully paid up after 6 years of insurance contribution. Based on standard rating, a 35-year old brother knight who gets a Php500,000.00 insurance coverage will pay about Php32,975.00 a year. Computed on daily* basis the cost of his insurance protection is just about Php90.00 per day.

In 6 years time, the Benefit Certificate holder would have paid about Php197,850.00 in insurance contributions for a Php500,000.00 insurance coverage which increases every year until it is doubled. The KC ASSURANCE PLAN is exclusively designed by brother knights for brother knights and their family members who are between the ages 1 and 75 years old.

KCFAPI reserves the right to require medical examination from all applicants for insurance.

The plan is entitled to dividends after one year.

* Daily computation of insurance contribution is for illustration purposes only. Modes of payment allowed are annual or semi-annual or quarterly.