About Fraternal Benefit Societies

What is a Fraternal Benefit Society?

A Fraternal Benefit Society is a special form of insurance company, owned not by stockholders, but by the members (the insured).

  • Most Fraternals share a common bond, such as ethnic origin, religion, occupation etc.

  • Fraternals are generally democratic in structure, with members grouped into local lodges, camps or councils.

  • Fraternals are usually governed by a set of bylaws, approved by the members. You can read WSA Fraternal Life's bylaws here.

This video from the American Fraternal Alliance explains what Fraternal Benefit Societies are and how they serve their members and local communities.

There are three basic types of insurance companies, Stock, Mutual, and Fraternal. Two things make Fraternals stand out from Stock or Mutual insurers:

  • Benefits - Fraternals generally offer their members Fraternal Benefits which if available from a commercial insurer would cost extra.

How do I become a member?

It's simple. Our members are our insured. Anyone purchasing a Life Insurance or Annuity product from WSA Fraternal Life becomes a member (subject to underwriting).

So, please take a few minutes to look around and find out more about WSA and the many benefits of membership. We welcome your questions.