We stand strong on ethical ground
Some people believe that ethics in business is a contradiction in terms. They think that in order to be profitable, a company and its leaders must abandon morality and embrace the dark, greedy side of capitalism.
At the Knights of Columbus, we know this business model is incorrect. As a Catholic organization, we understand the value and importance of our core beliefs and the original mission of Venerable Father Michael J. McGivney. In fact, much of the strength and financial security we provide to members and their families can be attributed to our ethical, moral standards.
More than 96 percent of Knights who buy our life insurance keep it, year in and year out. The Order takes this commitment to our members very highly. This means carefully planning when it comes time to invest. Our professional staff researches all transactions to insure that they fall in line with Catholic values. If a transaction makes them uncomfortable, they don’t make it.
“We exclude any company engaged in activity that conflicts with Catholic moral teaching: companies directly involved in abortion, contraception, human cloning, embryonic stem cell research, for-profit health care that pays for any of these, or pornography,” said the Supreme Knight. “There are many companies in the pharmaceutical and communications industries that would undoubtedly provide excellent returns for us, but which are not in our portfolio because they engage in research and development or programming in ways that violate the sanctity or dignity of human life.”
In the end, the Knights of Columbus investment strategy is motivated by morality and not money-making. Yet, each year we remain profitable, increase our assets and stay dedicated to this vision that will keep the Order sound financially for generations to come.
“Faithful Catholics have choices when buying life insurance,” said the Supreme Knight. “But they know that at the Knights of Columbus their policy is supplied by an insurer that shares their moral and ethical values and is guided in all of its investment and sales practices by those values.”
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