DiscussMormonism.com

I have an insurance policy with Beneficial Life which is own by the Church. On Tuesday it was announced that the Church wants to get out of the insurance business and that Ben. Life will be adding no more polices, reducing size and eventually shutting down...???

So one of my financial guys emails me last night and said: President Monson (Head of the Board of Directors) simply made a decision that they no longer want to grow the company.

This got me to thinking about the Brethren as Board members for companies owned by the Church. What do we know about their roles? How involved are they in decisions made? Did President Monson really make that decision and does he know enough about the insurance business to make it? Do GAs on boards actively add expertise to the companies or are the positions more symbolic? Do these men receive payment for being on Boards of Directors and if so how much is that?

There's a good chance that none of this information is available as the Church is pretty tight lipped about money but it's worth a try to ask.

Actuaries can see the upcoming writing on the life insurance wall with the aging of Baby Boomers.

Religious leaders as business leaders is a cash drain on a business to support their lifestyle.

More honest is the evanglical tent revival huckster who throws the money collected into the air saying 'God can take what he wants and what falls to the ground if his gift to me.'

Preach repentance, faith and the rest and get out of business. Too much temptation for members to start thinking on their own in conflict with 'leaders' as sales shills and businessmen.