What do Fraternal Benefit Societies typically require from their members?

Fraternal Benefit Societies are organizations that provide financial and social benefits to their members, often based on shared characteristics or common bonds. Typically, these societies require members to have a similar religion, ethnicity, or occupation, fostering a sense of community and mutual support among individuals who share similar backgrounds or beliefs. This requirement helps create a cohesive group where members can connect on more than just financial matters, often engaging in social activities and charitable works together.

This focus on commonalities reinforces the fraternal aspect of the societies, allowing members to take advantage of benefits while also participating in a supportive community. By establishing requirements based on shared religion, ethnicity, or occupation, Fraternal Benefit Societies maintain their identity and purpose, differentiating them from other types of insurance companies that may not have such membership criteria.