The Catholic Knights and Catholic Family Life Insurance, two longtime Milwaukee-area fraternal organizations that offer life insurance, annuities and other financial products and benefits to members, said today they intend to merge .
The merger would result in a combined membership of 120,000, assets of more than $1.1 billion and about $4.8 billion of insurance in force. The merged organization, which will have a yet-to-be-determined new name, is to be headquartered in the 19-story Catholic Knights tower on Wells St. in Milwaukee.
Catholic Family, founded in 1868, was the first Catholic fraternal benefit organization established in the United States. Catholic Knights is 124 years old.