Another cute insight paraphrased from Jonathan Cahn's monthly publication...
In Ephesisans 5:1-2 we are told to imitate God while seeing ourselves as his "beloved children". And we are told that a help to considering ourselves as beloved is to be aware of and receiving of Yeshua's love.
Things we do tend to get made into -ship words. A congregation does worship, discipleship, fellowship, etc. We could also consider "belovedship" as the practice of receiving God's love and understanding ourselves as beloved children, so that we may better imitate God.