Protector NLG Universal Life Insurance

NEW HAVEN, Conn. Knights of Columbus (K of C), a Best’s Review Top 50 U.S. Life/Health Insurer[1], today announced the launch of its Protector NLG Universal Life insurance product. This product provides affordable guaranteed lifetime coverage*, flexible premium payment options and a low-cost guaranteed death benefit* that will ensure future obligations are met. The benefit protection includes a Lapse Protection Rider, as well.

While guaranteeing death benefit coverage*, the Protector NLG Universal Life insurance product features flexibility in premium payment ability: from allowing shorter payment periods; the stopping and re-starting of premium payments; to the ability to lower premiums by paying up to age 100. A Lapse Protection Rider is automatically attached at issue and can ensure lifetime death benefit protection as long as this rider is active.

Ron Franzluebbers, senior vice president and chief actuary of K of C, said, “Protector NLG Universal Life is a niche product designed for those approaching or above retirement age, who do not need a traditional whole life contract with cash value accumulation but want to ensure that they have affordable death benefit coverage for their entire lifetime.”

Protector NLG Universal Life is available for purchase in the United States and Canada for individuals between 50 and 80 years old. 

Contact your Knights of Columbus field agent today to learn more about our Protector NLG Universal Life products, and about the safety and security that we can help provide.