A lot of people have reservations about fraternal benefit societies/insurance 'certificates' rather than traditional policies. Based on a few reasons:
1. If needed, the fraternal is able to assess your certificate and charge you extra premiums to keep the company afloat
2. If the fraternal goes insolvent, all the certificates are cancelled, whereas traditional insurers are protected by the Guaranty Association/State board of Insurance
More info: [url=http://ift.tt/1D23g0w Benefit Societies - Producer Services : Bureau of Insurance[/url]
1. If needed, the fraternal is able to assess your certificate and charge you extra premiums to keep the company afloat
2. If the fraternal goes insolvent, all the certificates are cancelled, whereas traditional insurers are protected by the Guaranty Association/State board of Insurance
More info: [url=http://ift.tt/1D23g0w Benefit Societies - Producer Services : Bureau of Insurance[/url]
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