Download A Young Man’s Benefit: The Independent Order of Odd Fellows by George Emery, Herbert Emery PDF

By George Emery, Herbert Emery

Using cliometric tools and files from six grand-lodge documents, a tender Man's profit rejects the normal knowledge approximately pleasant societies and ailment coverage, arguing that IOOF motels have been financially sound associations, have been extra effective than advertisement insurers, and met a marketplace call for headed through younger males who lacked possible choices to industry assurance, no longer older males who had an above-average possibility of disease incapacity. Emery and Emery express that many younger males joined the bizarre Fellows for disease coverage and give up the society as soon as self-insurance - mark downs - or kin assurance - secondary earning from older childrens - made it possible for them. The older males, who valued the social advantages of club and didn't want the ailing profit, steadily grew to become a majority and dismantled the IOOF's coverage provisions.

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Extra resources for A Young Man’s Benefit: The Independent Order of Odd Fellows and Sickness Insurance in the United States and Canada, 1860-1929

Example text

The grand representatives for the Ontario grand lodge were invariably past grand masters, not just past grands. The Encampment Branch This branch consisted of local encampments and state (or provincial) grand encampments. An encampment was a higher-degree lodge for Odd Fellows who held the four lodge degrees. Its members, known as patriarchs, held up to three higher degrees of membership in the IOOF. The chief patriarch was the presiding officer for an encampment. The grand patriarch was the presiding officer for a grand encampment.

Nor do they resolve the most puzzling issue of the investigation: why did the IOOF'S aging members begin to abolish the sick benefit when their collective exposure to the disability risk was rising? Chapter 6 gives our solution to the puzzle. Young men purchased market insurance from the Odd Fellows when they lacked alternatives to market insurance. They later quit when other alternatives became available to them. Thus an Odd Fellow's chances of leaving his lodge increased the longer he was a member.

Cooperative insurers sell insurance on a non-profit basis. During the study years, the cooperative group included friendly societies, fraternal orders, labour unions, and company-sponsored mutual benefit associations. Self-insurance alludes to the use of savings to cover the risk. The resources for self-insurance tend to change with age. A male family head, for example, might accumulate savings during his younger adult years and then draw upon savings during retirement. Family insurance refers to the use of secondary incomes from two or more family members to cover the risk for any one member.

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