Checkout our iOS App for a better way to browser and research.
A society may provide the following contractual benefits in any form:
Death benefits;
Endowment benefits;
Annuity benefits;
Temporary or permanent disability benefits;
Hospital, medical or nursing benefits;
Monument or tombstone benefits to the memory of deceased members; and
Such other benefits as authorized for life insurers and that are not inconsistent with this chapter.
A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (a), consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.