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What’s a 501(c)(8)?

Many of us are familiar with 501(c)(3) entities, which include churches, schools, and charitable organizations. However, the ‘3’ in 501(c)(3) is just one type of not-for-profit. In fact, there are 29 different 501(c) categories.

How Does It Work?

When considering banking, many are familiar with for-profit giants like Bank of America and Wells Fargo. However, there’s another side: not-for-profit entities such as 501(c)(1) organizations, which include Federal Credit Unions like Navy Federal. These not-for-profit entities often provide members with more favorable rates and benefits, regardless of the size of their account.

Drawing a parallel to the life insurance sector, while many recognize names like State Farm and Metlife, a lesser-known category, 501(c)(8) or Fraternal Benefit Societies, exists. These are not-for-profit life insurance entities, distinct from their for-profit counterparts.

The advantage of these 501(c)(8) organizations is twofold. Firstly, without the burden of extensive advertising costs, they typically offer better rates. Secondly, members automatically get access to a range of benefits, all accessible without any additional fees.


Life Insurance

In the US, there are thousands of for-profit life insurance companies, yet only a handful that are not-for-profit. We assist you in understanding the distinctions between them and highlight what you should be cautious of. Remember: One size doesn't fit all. What many believe they possess and what they actually have can often be two very different things.

Savings and Retirement

Educating our communities on this topic is crucial. Many are unaware of the intricacies of their retirement plans. We provide insights on the essential aspects you need to understand to ensure a comfortable retirement without issues. This knowledge ends up helping people save hundreds of thousands of dollars. Our work is never done.

Not-For-Profit Programs

There's a comprehensive list of free programs available that can positively impact your life, the lives of your loved ones, and the wider community. As a company, we educate on this subject and connect people to the 501(c)(8) organizations that provide the insurance and programs.