Note:  Do not rely on this information. It is very old.

Benefit Societies

Benefit Societies are societies for insurance against death, sickness, or inability to work, common among the working classes, and better known as Friendly Societies (q.v.). The term is sometimes also applied to Building Societies (q.v.), which enable their members to obtain funds for purchasing land or house property on condition of their making periodical payments to the society.