Thrivent Financial for Lutherans

Thrivent Financial for Lutherans is a not-for-profit financial services organization that offers a broad range of financial products and services to its members. Originally established to serve Lutherans, Thrivent has grown to become one of the largest fraternal benefit societies in the United States. Its offerings include life insurance, disability insurance, annuities, mutual funds, and retirement planning services. The organization is unique in its commitment to both financial guidance and supporting Lutheran communities through charitable activities.

History

Thrivent Financial for Lutherans was formed through the merger of two Lutheran financial services organizations: Aid Association for Lutherans (AAL) and Lutheran Brotherhood (LB). The merger, completed in 2002, aimed to leverage the strengths of both organizations to better serve the Lutheran community and strengthen their financial offerings. This merger marked a significant milestone in the history of Lutheran-affiliated financial services, creating a unified entity with enhanced capabilities and a broader reach.

Mission and Values

The mission of Thrivent Financial for Lutherans is deeply rooted in its Lutheran heritage. It aims to help its members be wise with money and live generously. The organization's values are centered around faith, stewardship, and community support. Thrivent encourages its members to use their financial resources in ways that reflect their values, supporting both their own financial well-being and the needs of their communities.

Products and Services

Thrivent offers a comprehensive range of financial products and services designed to meet the needs of its members at various life stages. These include:

• Life Insurance: Policies that provide financial protection to beneficiaries in the event of the policyholder's death.
• Disability Insurance: Coverage that provides income replacement in case the policyholder becomes unable to work due to a disability.
• Annuities: Financial products that provide a steady income stream, typically used for retirement planning.
• Mutual Funds: Investment funds that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities.
• Retirement Planning Services: Guidance and tools to help members plan for a financially secure retirement.

Community Engagement and Philanthropy

Thrivent Financial for Lutherans places a strong emphasis on community engagement and philanthropy. Through its unique fraternal model, Thrivent members have the opportunity to participate in various charitable activities and programs. These include volunteer projects, fundraising events, and Thrivent's charitable giving programs, which allow members to direct funds to causes and organizations they care about. This approach not only supports the wider community but also strengthens the bond among members and their connection to Lutheran values.

Membership

Membership in Thrivent Financial for Lutherans is open to individuals who share the organization's values and commitment to the Lutheran community. Members benefit from access to financial products and services, as well as opportunities to engage in charitable activities and decision-making processes within the organization.

Conclusion

Thrivent Financial for Lutherans stands out as a not-for-profit financial services organization that combines a comprehensive range of financial products and services with a strong commitment to faith-based community support and philanthropy. Its history, mission, and values reflect a deep connection to the Lutheran tradition, making it a unique and vital part of the financial and charitable landscape.