Fraternal Benefits Society

A Fraternal Benefits Society is a nonprofit organization that offers insurance and other financial benefits primarily to members who share a common bond, such as religion, occupation, or community. These societies operate on the principles of mutual aid, camaraderie, and community support. They provide life insurance, health benefits, and social services, often combining insurance with social activities and community involvement. Unlike regular insurance companies, fraternal societies focus on serving their members' needs and fostering a sense of fellowship, rather than maximizing profits.