GuideStone reports on progress, health care comment (0)
July 3, 2014
BALTIMORE — Citing good news across all ministry areas within GuideStone Financial Resources, President O.S. Hawkins delivered the organization’s 96th annual report to messengers of the Southern Baptist Convention (SBC) annual meeting in Baltimore.
Turning first to investments, Hawkins announced during the June 10–11 SBC annual meeting that GuideStone was recognized by various reporting agencies that monitor mutual fund companies.
“Retirement is a marathon; it’s a long-term race,” Hawkins said, encouraging messengers to make use of GuideStone resources to determine an appropriate asset allocation consistent with their risk tolerance and time horizon.
GuideStone is very competitive in its medical plans, Hawkins said. Renewal rates in GuideStone’s group health plans topped 98 percent going into 2014, while renewal rates among other insurance products topped 99 percent, Hawkins said.
As the convention started, GuideStone announced expanded enrollment opportunities for its medical personal plans that take effect July 1, 2014.
“We’re in a battle for health care in America, as many of you know,” Hawkins said. “We’re fighting this on multiple fronts,” including through prayer and then advocacy in courts and in Congress.
GuideStone is in its third year of a partnership with Brotherhood Mutual Insurance Company to provide churches and ministries with property and casualty coverage. Hawkins cited a 99 percent renewal rate as evidence of the service and competitive rates GuideStone and Brotherhood Mutual offer.
GuideStone’s ministry to retired pastors and their widows who live near the poverty line, Mission:Dignity, continues to expand, Hawkins said. Mission:Dignity receives no Cooperative Program support; all donations come from individuals, churches and Sunday School classes. One hundred percent of gifts to Mission:Dignity go to help someone in need; all administrative costs are funded through a separate endowment.