As we enter into this uncertain time in history, we want to assure you that Sons of Norway remains strong and dedicated to its members and insurance policy holders. From the spread of COVID-19 to unforeseen market volatility and natural disasters, we are living through unique times.
The world is changing at an extraordinary pace, and we want you to know Sons of Norway is well prepared for the current economic environment. Founded in 1895 by 18 Norwegian immigrants with the mission to protect each other and their families, that mission has never been truer than it is today.
We have enacted our disaster plan to ensure that we can continue our day-to-day operations, provide service to our clients and keep our employees safe. We have transitioned most of our employees to work remotely, with limited staff onsite to maintain the day-to-day functions of the home office. We have the systems and safeguards in place to continue to provide you and your families the protection and support you expect from us.
The financial markets have never seen conditions like we are experiencing now, but rest assured your insurance is safe—both life insurance and annuities. We make very conservative long-term investments designed to weather these “perfect storm” conditions. We do not make short-term high-risk investments; as we always have done, we are protecting our members and clients by taking a conservative approach.
Our solvency remains extremely strong, which means our ability to pay claims and annuity income streams remains unchanged amid today’s uncertain circumstances. We want to thank you for being part of Sons of Norway and let you know we remain true to our mission of protecting our members, policy holders and employees.