benefit society
noun
: an association by which life insurance, sick allowances, the payment of funeral expenses, provision for old age, or other similar benefits are secured by means of regular dues or special assessments paid by its members
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“Benefit society.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/benefit%20society. Accessed 29 Nov. 2024.
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