Fraternal Insurance

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Fraternal Insurance A form of group coverage or disability insurance available to members of a fraternal organization. Fraternal life insurance is a contract where a fraternal benefit society insures the lives of members who, in exchange, pays monthly contributions to the group policy. Fraternal insurers are primarily life insurance, and many are church related. Their insureds are typically members of the society or religious body. Benefits of fraternal insurance: Lower premiums: Fraternal benefit societies typically have lower premiums than traditional insurance companies. This is because they are not-for-profit and they have a lower overhead cost. Strong focus on community service: Fraternal benefit societies are committed to giving back to their communities. This means that your premiums are not only helping to protect your family, but they are also helping to make your community a better place. Sense of belonging: Fraternal benefit societies offer a sense of belonging and community to their members. This can be especially important for people who are new to a community or who are looking for a way to connect with others. Fraternal insurance can be a good option for people who are looking for affordable insurance with a strong focus on community service. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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