What best describes a Fraternal Benefit Society?

A Fraternal Benefit Society is best described as a social organization based around common interests. These societies are typically formed by individuals who share a common bond, such as ethnicity, religion, or other shared traits. The primary purpose of a Fraternal Benefit Society is to provide mutual aid and support to its members, often in the form of insurance benefits or other financial assistance. Unlike traditional insurance companies that operate for profit, fraternal organizations prioritize the welfare of their members and often reinvest any excess funds back into the community or provide additional benefits to members. This communal focus emphasizes the importance of social connections and support systems, distinguishing these societies from commercial insurance providers.