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What does it mean to be a fraternal benefit society?

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What does it mean to be a fraternal benefit society?

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Fraternal benefit societies like Royal Neighbors of America are centered on three great traditions: Individuals voluntarily join together based upon common interests. They govern themselves for the benefit of their fellow members through a network of local organizations called chapters. There is a strong commitment to mutual support of the members and service to the community. Royal Neighbors of America offers the added value of member benefits and activities to its members, their families, and their communities. With life insurance and annuities, we help our members protect their financial futures.

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