Group Life Insurance: Freemasons And Their Benefits

Group life insurance associated with the Masonic Lodge is no longer available. However, individual plans are still offered by some providers, including Acacia Life Insurance, which offers universal life insurance, whole life insurance, term insurance, annuities, retirement mutual funds plans and municipal bonds. In the past, Masonic lodges offered mutual aid and benefit associations, which provided a death benefit to the widows and surviving family of members.

Mutual aid and benefit associations

The Masonic Lodge Insurance scheme caters for the insurance of Masonic Lodges and associated social clubs, from buildings, business interruption, regalia, liabilities to cover for tenant lodges meeting therein. It is possible to tailor the policy to the individual needs of the lodge, and all covers are flexible, allowing you to choose the correct level of insurance.

Today, Acacia Life Insurance offers universal life insurance, whole life insurance, term insurance, annuities, retirement mutual funds plans as well as municipal bonds.

There are no longer any Masonic Life Insurance group plans, but you can still get the best rates for individual plans.

Death benefits for widows and surviving family

Although there are no longer any Masonic Life Insurance group plans, Masonic lodges did offer mutual aid and benefit associations, which provided death benefits to the widows and surviving family of members.

These death benefits were provided by fraternal mutual aid, mutual relief or Masonic benefit societies, which operated on variations of a popular assessment system. This system required members to pay a certain amount into the treasury of the association upon the death of another member. The amount was typically based on the age, name, residence, lodge and lodge number, cause of death, and date of death of the deceased member.

Today, Masonic lodges can obtain insurance for their buildings, business interruption, regalia, and liabilities to cover for tenant lodges. Additionally, individual Masons can still obtain the best rates for individual life insurance plans.

Masonic insurance history

The Masonic Lodge is associated with a form of group life insurance. In the mid to late 1800s, Freemason organisations, along with other fraternal groups in the United States, offered a form of life insurance to their members. These fraternal organisations operated on slightly different variations of a popular assessment system used during that time. Each of these Masonic insurance aid and relief organisations provided a death benefit to the widows and surviving family of members of the mutual aid organisation within the fraternity.

Today, there are no longer any Masonic Life Insurance group plans. However, individual plans are still available, and members can get the best rates for these, especially with the help of a fellow Mason.

Masonic lodges can also take out insurance for their buildings, business interruption, regalia, and liabilities to cover for tenant lodges.

Individual insurance plans

Although Masonic lodges no longer offer group life insurance plans to their members, there are still individual insurance plans available. These plans can be purchased at the best rates, especially if you have a brother who will shop the market for you.

Masonic lodges used to offer life insurance to their members in the mid to late 1800s, but this is no longer the case. However, there are still a few fraternal mutual aid, mutual relief or Masonic benefit societies that remain today.

Today, Acacia Life Insurance offers universal life insurance, whole life insurance, term insurance, annuities, retirement mutual funds plans, and municipal bonds.

If you are a member of a Masonic lodge and are looking for life insurance, it is important to take your time and do your research. There are many different types of insurance plans available, and you want to make sure you are getting the best plan for your needs at the lowest premium.

You can also look into other types of insurance that may be relevant to you as a member of a Masonic lodge, such as building insurance or business interruption insurance.

Insurance for buildings, business interruption, regalia, and liabilities

Masonic lodges do not offer group life insurance plans to their members anymore. However, individual plans are still available and members can get the best rates, especially if they have a brother who can shop the market for them.

Masonic lodges can get insurance for their buildings, business interruption, regalia, and liabilities. Circle Insurance Group, for example, offers a scheme that caters to the insurance of Masonic Lodges and associated social clubs. Their covers are flexible, allowing lodges to choose the correct level of insurance while keeping costs down. They also have an insurer that specialises in schemes for buildings of historical significance, with specialist loss adjusters experienced in dealing with claims for listed buildings.

Frequently asked questions