KC Retire Plus PlanThe heaviest burden that a man will carry during his twilight years is an empty wallet. You can avoid this scenario and be the Catholic old gentleman a Knight of Columbus ought to be. You can retire in style by subscribing to the KC Retire Plus designed by brother knights exclusively for brother knights and members of their families.

Those who are regularly employed may look forward to comfortable retirement years since they are members of either the Social Security System (SSS) or the Government Service Insurance System (GSIS). However it does not appear to be as rosy as it seems to be. The retirement schemes provided by these two institutions may no longer be enough to fund the retirement years. By then, the cost of the basic necessities and maintenance medicines may outgrow the monthly pension benefits. The case for those who are self-employed may even be greater since they are ones who should provide for themselves their own retirement programs.

The KC RETIRE PLUS PLAN will augment the present retirement schemes at affordable periodic insurance contributions. A 35-year old person who desires additional fund of Php1 Million for his retirement fund will set aside an annual outlay of Php58,300.00 in insurance contributions. He has to do this for 10 years only and, thereafter, worry no more. By that time, he has put in Php583,000.00 in total insurance contributions. Upon reaching age 60, the Benefit Certificate holder will receive 50% of the face value of his KC Retire Plus or Php500,000.00, and another 50% upon reaching age 65. On the whole, he has received a total of Php1 Million.

The Benefit Certificate holder is entitled to 200% of the sum insured or Php2 Million insurance coverage up to age 60. This coverage will be Php1.5 Million from ages 61 to 65. After age 65, he will still enjoy a life time insurance protection of Php500,000.00. The insurance contribution on a daily* basis would give us Php160.00 per day.

The KC RETIRE PLUS may be availed of by brother knights and family members who are between the ages 1 and 50. KCFAPI reserves the right to require applicants for insurance to undergo medical examination.

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