What characteristic is NOT associated with a Fraternal benefit society?

Fraternal benefit societies are primarily formed to provide insurance and other financial benefits to their members, and they operate on a basis of mutual aid and support rather than for profit. These organizations typically pool resources to help their members and their families, promoting social and charitable activities within a community.

The characteristic of being incorporated is common among fraternal benefit societies as they often have a formal structure that allows them to operate legally and manage liabilities. Additionally, the lodge system signifies that these societies often provide a platform for members to engage in social fellowship and participate in community-building activities, which underscores their focus on supportive relationships among members. Lastly, the existence for the benefit of members highlights the foundational purpose of these societies, as they aim to enhance the welfare and wellbeing of their members rather than prioritize profit.

In contrast, the notion of existing for profit directly contradicts the fundamental principles of fraternal benefit societies, which are centered on mutual benefit rather than income-generation for shareholders or owners. Thus, this characteristic does not align with the essence of what a fraternal benefit society represents.