What does MMBB mean in UNCLASSIFIED
MMBB is an organization that provides specialized financial services to ordained pastors, missionaries, and other religious organizations. It was founded in 1887 as the American Ministers' Mutual Aid Association. This non-profit organization has grown to become one of the largest and most respected faith-based benefit programs in the United States. The focus of MMBB is on providing superior retirement plan services, life insurance benefits, and disability income plans for its members. With more than 80 years of experience and a commitment to providing personalized service and excellent support, MMBB is dedicated to helping its members achieve their retirement goals.
MMBB meaning in Unclassified in Miscellaneous
MMBB mostly used in an acronym Unclassified in Category Miscellaneous that means Ministers and Missionaries Benefit Board
Shorthand: MMBB,
Full Form: Ministers and Missionaries Benefit Board
For more information of "Ministers and Missionaries Benefit Board", see the section below.
Essential Questions and Answers on Ministers and Missionaries Benefit Board in "MISCELLANEOUS»UNFILED"
What is the Ministers and Missionaries Benefit Board?
MMBB is a fraternal benefit society founded in 1901 to serve church leaders and their families. Its mission is to support these religious institutions by providing a broad range of benefits and services to eligible members. It has continued this mission for more than 100 years, providing stable, reliable protection along with quality retirement options for its members.
Who is eligible for membership in MMBB?
Membership in MMBB is open to ordained ministers, licensed tradesmen/women, Christian education personnel who are employed by Churches of Christ and represent recognized denominations within those churches.
What types of benefits are available through MMBB?
Members have access to various types of financial protection benefits such as life insurance policies, annuities, disability income plans, and long-term care solutions. Retirement options include 401(k) plans, pension plans, 403(b) plans, Roth IRAs and Traditional IRAs. Other services include financial counseling resources online and educational seminars that are conducted throughout the year.
How does membership help protect my retirement funds?
Members have access to various retirement funding options to suit individual needs. Retirement benefits provided through MMBB can supplement any existing pensions or savings plans you already have in place for your future retirement sense of security. Investing in an account through MMBB also provides an additional return on investment above the standard market rate with competitive returns on capital invested in our qualified retirement funds.
Are there educational opportunities available through MMBB?
Yes! In addition to offering financial planning tools online via our website or our mobile app, we offer educational seminars that provide helpful strategies on how best to manage your finances when preparing for retirement. MyMMBB provides additional resources such as one-on-one meetings with financial advisors who can answer specific questions about our products and services as well as general financial planning advice tailored specifically for church leaders and their families.
What other services do MMBB provide?
Apart from investing services, we also provide access to long-term care solutions designed specifically with the church leader’s family lifestyle in mind including coverage for home health care visits should a member become terminally ill or disabled or require extra medical assistance after leaving the hospital. We also offer legal services plan coverage should a church leader need assistance while traveling outside their home state or require legal representation due to specific situations at work or at home related to their field of practice
Is membership renewable every year?
Yes! Once you become an active member you may renew your membership each year provided there is no lapse in payment.
Does my spouse receive any life insurance benefits if I pass away suddenly?
Yes! If you have chosen a life insurance policy option through MMBB you may be eligible for up to $10K Survivor Benefit Program provided certain criteria are met during application process.
Final Words:
The Ministers & Missionaries Benefit Board (MMBB) is an organization that provides tailored resources designed to help ordained pastors, missionaries, and religious organizations reach their retirement goals through a variety of benefit plans and services offered by reliable providers. Through offering unique life insurance policies; disability plans; pension contributions; 401(k); 403(b) plan loan options; continuing education programs; seminars; conferences; webinars; publications; newsletters; workshops; leadership development trainings; human resources consulting services; long-term care planning advice – MMBB strives to empower its members every step of the way throughout their years devoted to serving others through religious endeavors.
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