The family Indemnity Plan is a life insurance coverage plan offered by the Credit Union in collaboration with CUNA Mutual Insurance.
Suppose you could insure your entire family under one life insurance plan for one affordable monthly premium. Wouldn't that be convenient? Now there is one life insurance plan that covers up to six eligible family members - The Family Indemnity Plan
Who Is Covered?
Any member, spouse, or any combination of up to two (2) parents or parents-in-law of the member, all of whom have not yet attained age seventy-six (76) at the time of enrolment.
Children of the member, including dependent children under legal guardianship of the member, who are not married and are ages one (I) through twenty-five (25), permanently disabled children for the duration of their lives if enrolled prior to age twenty-six (26).
Only those persons bearing one of the above relationships to the member are eligible for coverage and no more than two parents in total for the duration of the certificate.
How does the Family Indemnity Plan work?
Four coverage options are available so you can choose the one that best fits your needs. The premium cost varies according to the plan you select and can be quoted when you enroll. Benefits are paid as follows:
|
Plan
|
Individual Benefit
|
Monthly Premium
|
|
Plan A
|
J$ 80,000.00
|
J$ 422.40
|
|
Plan B
|
J$ 120,000.00
|
J$ 633.60
|
|
Plan C
|
J$ 150,000.00
|
J$ 792.00
|
|
Plan D
|
J$ 250,000.00
|
J$ 1,320.00
|
|
Plan E
|
J$ 400,000.00
|
J$ 2,112.00
|
|
Easy Enrollment and Payment
All you need to do is fill out a simple enrolment form at your credit union and pay your first month's premium. Coverage is effective the first of the month following enrolment. There is a six-month waiting period during which only claims arising from accidental death will be paid.
* One low monthly premium
* It's easy to understand
* No medical required
* No long applications
* No fine print
* No long approval process
* Covers up to 6 eligible family members for one monthly premium
* It's available at your Credit Union
|
