What does Fraternal Benefit Society mean? Read on to discover the definition & meaning of the term Fraternal Benefit Society - to help you better understand the language used in insurance policies.
Fraternal Benefit Society
An organization of people who usually share a common ethnic, religious, or vocational affiliation. This type of society may provide insurance to its members. Fraternal insurers are primarily life insurance providers, and many are church related. Their insureds are typically members of the society or religious body.
We hope the you have a better understanding of the meaning of Fraternal Benefit Society.