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Home > Health Insurance > Life Insurance > Aid Association for Lutherans.
Aid Association for Lutherans.
Aid Association for Lutherans and Lutheran Brotherhood agree to merge, forming the largest fraternal benefit society in the world. AAL Bank and Trust a wholly owned subsidiary of Aid Association for Lutherans, opens its doors to the general public. Aid Association for Lutherans was chartered for business in 1902, but only after years of effort by dedicated founders Albert Voecks, Gottlieb Ziegler, William Zuehlke and John Grupe. Lutherans throughout much of eastern Wisconsin were canvassed to sign up the 500 members required for the new organization to obtain its state charter.
Thrivent Financial for Lutherans is a faith based membership organization called to improve the quality of life of its members, their families, and their communities by providing unparalleled solutions that focus on financial security, wellness and caring for others. Their vision is to be the organization that Lutherans, Lutheran congregations and Lutheran institutions seek first when pursuing their financial goals. More than creating financial solutions, they add the unique capability of enabling Lutherans to demonstrate their care and concern for others.
The founding of Lutheran Brotherhood came as a result of the 1917 merger convention of the Norwegian Lutheran Church of America. Lifelong Lutherans Jacob Preus, a Minnesota insurance commissioner, and Herman Ekern, a former Wisconsin insurance commissioner, proposed launching a not for profit mutual aid society. Aid Association for Lutherans and Lutheran Brotherhood offered similar products and services. In June 2001, after close consideration of how combining the two organizations would benefit members, AAL agreed to merge.
The Company not only protects your loved ones against the uncertainties of life, as an investment, it’s the foundation of a sound financial plan. Combined with annuities, investments, retirement and estate planning, life insurance provides you with the financial peace of mind for your family or business. Their diversified approach not only defines how they do business, it is their philosophy in delivering the products and services you need.
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