632.617 Benefits.
120 words·~1 min read·
/fl/title-xxxvii/chapter-632/632-617·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A society may provide the following contractual benefits:
(a)Death benefits;
(b)Endowment benefits;
(c)Annuity benefits;
(d)Temporary or permanent disability benefits;
(e)Hospital, medical, or nursing benefits;
(f)Monument or tombstone benefits to the memory of deceased members; and
(g)Such other benefits as authorized for life insurers and which are not inconsistent with this chapter.
(2)A society shall specify in its rules those members and their dependents or persons in whom a member has an insurable interest who may be issued, or covered by, the contractual benefits set forth in subsection (1). A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.