Fraternal Benefit Insurance: A History of Unity and Protection
Fraternal benefit insurance is a unique and time-honored form of insurance provided by fraternal benefit societies, non-profit organizations bound by common interests, values, and goals. These societies offer various insurance products, such as life insurance, annuities, and disability coverage, to their members and their families. An example is the Knights of Columbus, a Catholic fraternal benefit society that has been providing financial protection and support to its members and their families since 1882.