Company Overview
Lutheran Brotherhood Life Insurance, founded in 1917, is a fraternal benefit society that provides financial security and peace of mind to its members and their families. Guided by Christian values, the company’s mission is to protect and support Lutheran families, churches, and communities.
Lutheran Brotherhood is committed to providing affordable, high-quality life insurance, annuities, and retirement planning solutions. With a strong focus on financial stability, the company maintains a high level of capital adequacy and surplus, ensuring its ability to meet its financial obligations to policyholders.
Financial Strength and Stability
Lutheran Brotherhood has consistently received high financial strength ratings from independent rating agencies, such as A.M. Best and Standard & Poor’s. These ratings reflect the company’s strong financial position, prudent investment strategies, and commitment to policyholder security.
Product Offerings
Lutheran Brotherhood offers a wide range of life insurance policies tailored to meet the diverse needs of individuals and families. These policies provide financial protection against unexpected events and ensure financial security for loved ones.
The types of life insurance policies offered by Lutheran Brotherhood include:
Term Life Insurance
- Provides coverage for a specified period, such as 10, 20, or 30 years.
- Offers affordable premiums and is suitable for temporary coverage needs.
- No cash value accumulation.
Whole Life Insurance
- Provides lifelong coverage and builds cash value over time.
- Higher premiums than term life insurance but offers long-term financial protection and wealth accumulation.
- Cash value can be borrowed against or withdrawn for various purposes.
Universal Life Insurance
- Provides flexible coverage and premium payments.
- Builds cash value that can be used to pay premiums or accumulate savings.
- Offers various investment options to enhance cash value growth.
Variable Life Insurance
- Provides coverage with investment potential.
- Cash value is invested in sub-accounts that fluctuate based on market performance.
- Offers the potential for higher returns but also carries investment risk.
In addition to these basic policies, Lutheran Brotherhood also offers a range of policy riders and optional coverages to customize policies and enhance protection. These include riders for accidental death, dismemberment, and critical illness, as well as options for guaranteed insurability and waiver of premium.
Customer Service
Lutheran Brotherhood is committed to providing excellent customer service to its members. The company offers a range of options for customers to contact for assistance, including phone, email, and online chat.
Customers can call the company’s toll-free number, 1-800-346-4444, to speak with a customer service representative. Representatives are available Monday through Friday from 8:00 AM to 8:00 PM CST and Saturday from 9:00 AM to 5:00 PM CST. Customers can also email the company at customercare@lutheranbrotherhood.com or use the online chat feature on the company’s website.
Customer Satisfaction Ratings
Lutheran Brotherhood has consistently received high customer satisfaction ratings. In 2022, the company received an A+ rating from the Better Business Bureau and a 4.5-star rating from Trustpilot.
Financial Planning
Lutheran Brotherhood provides comprehensive financial planning services to help customers secure their financial future. Our goal is to empower individuals and families to make informed decisions about their finances, achieve their long-term goals, and protect their loved ones.
One of the most important aspects of financial planning is retirement planning. We offer a range of retirement planning services to help customers plan for a comfortable and secure retirement. These services include retirement income planning, investment advice, and estate planning.
Retirement Planning Services
- Retirement income planning: We help customers estimate their retirement income needs, identify potential sources of income, and develop strategies to generate income during retirement.
- Investment advice: We provide personalized investment advice to help customers grow their retirement savings and achieve their long-term financial goals.
- Estate planning: We assist customers in creating wills, trusts, and other estate planning documents to ensure that their assets are distributed according to their wishes and that their loved ones are provided for.
In addition to retirement planning, we also offer a range of investment options to help customers grow their wealth and meet their financial goals. These investment options include mutual funds, annuities, and variable life insurance.
Investment Options
- Mutual funds: We offer a variety of mutual funds that invest in different asset classes, such as stocks, bonds, and real estate. This allows customers to diversify their investments and reduce risk.
- Annuities: Annuities provide a guaranteed stream of income for a period of time or for life. This can help customers secure their retirement income and reduce the risk of outliving their savings.
- Variable life insurance: Variable life insurance combines life insurance coverage with the potential for investment growth. This can provide customers with both financial protection and the opportunity to grow their wealth.
By combining financial planning services, retirement planning services, and investment options, Lutheran Brotherhood provides customers with a comprehensive solution for managing their finances and achieving their financial goals.
Community Involvement
Lutheran Brotherhood is deeply committed to giving back to the communities it serves. The company’s charitable giving program, Lutheran Brotherhood Foundation, supports a wide range of organizations that are working to make a positive impact in the areas of education, hunger relief, and disaster relief.
In addition to its financial contributions, Lutheran Brotherhood employees also volunteer their time and resources to support community organizations. The company encourages its employees to participate in community service activities and provides them with paid time off to do so.
Community Outreach Efforts
Lutheran Brotherhood has a long history of supporting community outreach efforts. The company has partnered with a number of organizations to provide financial support and volunteers for programs that are making a difference in the lives of people in need.
- Education: Lutheran Brotherhood supports a number of educational programs, including scholarships for students, grants for teachers, and funding for after-school programs.
- Hunger relief: Lutheran Brotherhood is a major supporter of hunger relief organizations, including food banks, soup kitchens, and shelters.
- Disaster relief: Lutheran Brotherhood provides financial support and volunteers to help communities recover from natural disasters.
