Legal Definitions - benefit certificate

A benefit certificate is a written promise to pay a certain amount of money to a specific person under certain conditions. These certificates are usually issued by fraternal and beneficial societies.

• A fraternal society may issue a benefit certificate to a member's family upon their death, promising to pay a certain amount of money to help with funeral expenses.
• A beneficial society may issue a benefit certificate to a member who becomes disabled, promising to pay a certain amount of money to help with medical expenses.

These examples illustrate how benefit certificates work. They are a way for societies to provide financial assistance to their members in times of need.