Mission
Fraternal Benefit Society - As a fraternal benefit insurance society, our mission is to help our members protect their families' financial futures, build better lives, and better their communities.
Executive compensation, broken down
Form 990 · Schedule J · 28 reported individuals · Filing year 2024
Board Chair/ceo/president
$623k
$670k
- Base
- $489k
- Bonus
- $65k
- Other
- $1k
- Benefits
- $17k
Chief Operating Officer
$374k
$403k
- Base
- $245k
- Bonus
- $56k
- Other
- $381
- Benefits
- $43k
$342k
$368k
- Base
- $264k
- Bonus
- $6k
- Other
- $759
- Benefits
- $43k
Svp-member Experience
officer (unspecified)
$279k
$300k
- Base
- $186k
- Bonus
- $25k
- Other
- $372
- Benefits
- $40k
Former Officer and Director
former officer/director/trustee
$247k
$266k
- Base
- $227k
- Bonus
- —
- Other
- $1k
- Benefits
- $19k
Svp-strategic Initiatives/corporate Secretary
secretary (operational)
$218k
$235k
- Base
- $167k
- Bonus
- $27k
- Other
- $531
- Benefits
- $13k
Manager-independent Sales
highest compensated employee
$211k
$227k
- Base
- $137k
- Bonus
- $67k
- Other
- $96
- Benefits
- $3k
External Wholesaler/senior Sales Director
highest compensated employee
$206k
$221k
- Base
- $63k
- Bonus
- $117k
- Other
- $220
- Benefits
- $21k
Svp-it/secretary
secretary (operational)
$193k
$208k
- Base
- $150k
- Bonus
- $23k
- Other
- $190
- Benefits
- $1k
Vp-national Sales
officer (unspecified)
$186k
$200k
- Base
- $114k
- Bonus
- $40k
- Other
- $2k
- Benefits
- $27k
Director-member Sales
highest compensated employee
$159k
$171k
- Base
- $111k
- Bonus
- $9k
- Other
- $712
- Benefits
- $36k
Senior Director-actuarial Pricing and Product Design
highest compensated employee
$155k
$167k
- Base
- $106k
- Bonus
- $37k
- Other
- $132
- Benefits
- $10k
Vp-member Services
officer (unspecified)
$155k
$167k
- Base
- $117k
- Bonus
- $21k
- Other
- $560
- Benefits
- $13k
Vp-talent Management
officer (unspecified)
$152k
$163k
- Base
- $130k
- Bonus
- $17k
- Other
- $754
- Benefits
- $1k
Vp-direct to Consumer
highest compensated employee
$122k
$131k
Former Director
former officer/director/trustee
$63k
$67k
- Base
- —
- Bonus
- —
- Other
- $63k
- Benefits
- $90
Independent Director
board member
$57k
$61k
Independent Director
board member
$43k
$47k
Independent Director
board member
$43k
$47k
Independent Director
board member
$43k
$47k
Former Director
former officer/director/trustee
$43k
$47k
- Base
- —
- Bonus
- —
- Other
- $43k
- Benefits
- —
Independent Director
board member
$43k
$47k
Independent Director
board member
$43k
$47k
Independent Director
board member
$43k
$47k
Independent Director
board member
$43k
$47k
Former Director
former officer/director/trustee
$40k
$43k
- Base
- —
- Bonus
- —
- Other
- $40k
- Benefits
- —
Chief Distribution Officer
officer (unspecified)
$35k
$38k
Former Director
former officer/director/trustee
$35k
$37k
- Base
- —
- Bonus
- —
- Other
- $35k
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Board Chair/ceo/president | $489k | $65k | $1k | $17k | $623k $670k |
Chief Operating Officer | $245k | $56k | $381 | $43k | $374k $403k |
CFO | $264k | $6k | $759 | $43k | $342k $368k |
Svp-member Experience officer (unspecified) | $186k | $25k | $372 | $40k | $279k $300k |
Former Officer and Director former officer/director/trustee | $227k | — | $1k | $19k | $247k $266k |
Svp-strategic Initiatives/corporate Secretary secretary (operational) | $167k | $27k | $531 | $13k | $218k $235k |
Manager-independent Sales highest compensated employee | $137k | $67k | $96 | $3k | $211k $227k |
External Wholesaler/senior Sales Director highest compensated employee | $63k | $117k | $220 | $21k | $206k $221k |
Svp-it/secretary secretary (operational) | $150k | $23k | $190 | $1k | $193k $208k |
Vp-national Sales officer (unspecified) | $114k | $40k | $2k | $27k | $186k $200k |
Director-member Sales highest compensated employee | $111k | $9k | $712 | $36k | $159k $171k |
Senior Director-actuarial Pricing and Product Design highest compensated employee | $106k | $37k | $132 | $10k | $155k $167k |
Vp-member Services officer (unspecified) | $117k | $21k | $560 | $13k | $155k $167k |
Vp-talent Management officer (unspecified) | $130k | $17k | $754 | $1k | $152k $163k |
Vp-direct to Consumer highest compensated employee | — | — | — | — | $122k $131k |
Former Director former officer/director/trustee | — | — | $63k | $90 | $63k $67k |
Independent Director board member | — | — | — | — | $57k $61k |
Independent Director board member | — | — | — | — | $43k $47k |
Independent Director board member | — | — | — | — | $43k $47k |
Independent Director board member | — | — | — | — | $43k $47k |
Former Director former officer/director/trustee | — | — | $43k | — | $43k $47k |
Independent Director board member | — | — | — | — | $43k $47k |
Independent Director board member | — | — | — | — | $43k $47k |
Independent Director board member | — | — | — | — | $43k $47k |
Independent Director board member | — | — | — | — | $43k $47k |
Former Director former officer/director/trustee | — | — | $40k | — | $40k $43k |
Chief Distribution Officer officer (unspecified) | — | — | — | — | $35k $38k |
Former Director former officer/director/trustee | — | — | $35k | — | $35k $37k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 42%
from 2023
From $438k in 2023 to $623k in 2024.
$438k
2023
$623k
2024
$438k
2023
$623k
2024
In today's dollarsEst.
Up 39% in real terms$483k to $670k
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend
Revenue and expenses over time
BETTERLIFE reported revenue and expenses across 2 filing years.
RevenueExpenses
$64.3M
$69.7M
2023
$63.5M
$69.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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