FRATERNAL BENEFIT SOCIETY BENEFITS
\fɹɐtˈɜːnə͡l bˈɛnɪfˌɪt səsˈa͡ɪ͡əti bˈɛnɪfˌɪts], \fɹɐtˈɜːnəl bˈɛnɪfˌɪt səsˈaɪəti bˈɛnɪfˌɪts], \f_ɹ_ɐ_t_ˈɜː_n_əl b_ˈɛ_n_ɪ_f_ˌɪ_t s_ə_s_ˈaɪə_t_i b_ˈɛ_n_ɪ_f_ˌɪ_t_s]\
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These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.
By Oddity Software
Nearby Words
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