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What is a Fraternal Benefit Society? > Quiz Questions
 
 

Quiz Questions - What is a Fraternal Benefit Society?

1. Thrivent Financial for Lutherans was created as a result of the merger of Aid Association for Lutherans and Lutheran Brotherhood and is now regarded as:
a. The only company that sells insurance through the Lutheran Church.
b. The largest Lutheran organization in the upper Midwest.
c. The nation's largest fraternal benefit society.
d. The nation's largest faith based volunteer organization.

2. The fraternal benefit system has a long history of encouraging and promoting volunteer activity. Approximately how many societies are currently in existence?
50
100
150
200

3. In what ways do fraternal benefit societies resemble commercial life and health insurers?
a. Both offer insurance.
b. Both are chartered and licensed in accordance with state insurance laws.
c. Both are regulated and examined by state insurance departments.
d. All of the above.

4. In what ways do fraternal benefit societies differ from commercial/life/health insurers?

a. Fraternal benefit societies are required by law to operate on a not-for-profit basis.
b. They each have specific charitable, benevolent, fraternal, social, educational, moral or religious purposes.
c. They conduct special programs that are exclusively for Members/Chapters.
d. A and C
e. A and B

5. How do fraternal benefit societies operate?
a. They form local groups called lodges that meet regularly.
b. They select two or three significant holidays and host ethnic festivals to celebrate their shared heritage.
c. They have a representative form of government.
d. A and B
e. A and C
 
 
 
   
   

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Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.

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This document was last updated on Wednesday, February 6, 2008 at 1:03 PM