January 05, 2017
We invented corporate responsibility

My son, Colton, and his fiancé came home for the holidays. He was carrying his new 23-ounce insulated water bottle from Patagonia that claims “the double-walled bottle insulates hot or cold liquids for an entire day and keeps you hydrated whether you’re chilled on the summit of Mount Whitney or baking in the depths of Death Valley.”  (By the way, he has climbed Mount Whitney.)  Such insulation excellence cost him $35.  I mentioned that he could have gotten practically the same bottle from Dick’s Sporting Goods for $20. His response? It’s not Patagonia!

Now he’s not a snob who wants only the best at any cost.  (Actually, that’s my generation.) No, Colton is 28 and a millennial. He is a member of the generation that cares deeply about our earth and its people and supports those who believe as deeply as he does.

Patagonia has a long tradition of what some refer to as “corporate responsibility.” Their products may cost more but they think of it as more of a “self-imposed tax, or tithing, to help care for the planet that sustains us.”  Since 1985, they have donated more than $55 million, mostly to small, highly effective, grassroots conservation organizations.

Fraternal Benefit Societies, like ours, practiced corporate responsibility before anyone knew what corporate responsibility was. As a nonprofit, member-owned insurance company, we exist for our members and the communities in which they live. 

The profits made by commercial life insurers go to the stakeholders of the company.  With Hermann Sons, our members are our stakeholders.  Your life insurance premiums not only insure that your beneficiary will receive payment upon your death; but also help do good things today for our members and others in communities across Texas.

Hermann Sons is for millennials and anyone else who believes in good investments and good deeds.

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