ENGLISH

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

By George Emery , Herbert Emery

Book information

Publisher
McGill-Queen’s University Press
Year
1999
ISBN
077351824X, 9780773518247
Language
english
Format
PDF
Filesize
12 MB (12127008 bytes)
Pages
208\205
Time added
2016-09-27 23:37:05
Business;Insurance;Business & Money;Health;Insuran

Description

Using cliometric methods and records from six grand-lodge archives, A Young Man's Benefit rejects the conventional wisdom about friendly societies and sickness insurance, arguing that IOOF lodges were financially sound institutions, were more efficient than commercial insurers, and met a market demand headed by young men who lacked alternatives to market insurance, not older men who had an above-average risk of sickness disability. Emery and Emery show that many young men joined the Odd Fellows for sickness insurance and quit the society once self-insurance - savings - or family insurance - secondary incomes from older children - made it feasible for them. The older men, who valued the social benefits of membership and did not need the sick benefit, gradually became a majority and dismantled the IOOF's insurance provisions.

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