
Download the Family Indemnity Form Here
Nothing is more important than your family". That's why you want to protect them and comfort them in every way possible; not only in happy times, but in times of sadness as well. When there is death in your family, the Family Indemnity Plan can help provide an extra measure of comfort. It will pay a cash benefit; which can be used to cover the funeral costs for you and your eligible family members up to a total of six.
How Does The Family Indemnity Plan Work?
Four coverage options are available; so you can choose the one that best fits your needs. Premium costs vary according to the plan you select and are quoted upon enrollment. Benefits are paid as follows:
|
Plan
|
Individual Benefit
|
Monthly Premium
|
|
A
|
J $80,000.00
|
J$422.40
|
|
B
|
J $120.000.00
|
J$633.60
|
|
C
|
J $150,000.00
|
J$792.00
|
|
D
|
J$250,000.00
|
J$1,320.00
|
|
E
|
J$400,000.00
|
J$2,112.00
|
Who can be covered under the F.I.P.?
Any member of the Credit Union, spouse, or parents of the member who has not yet reached age 76, may enroll in the plan with no medical examination required. Up to six of the following family members may be covered:
1. Member
2. Spouse or significant other (in the event of divorce, the member may take up to 30 days to notify the credit union whether or not to continue spouse coverage)
3. Children age 1 -26
4. Member's parents or in-laws where eligible
Enroll And Premium Payments Are Easy
All you need to do is fill out a simple enrollment form during your Credit Union open enrollment period and pay the first month of premium to receive full coverage from the first of the following month. If you enroll after the open enrollment period has ended, there will be a six-month waiting period. This means that even though you have enrolled in the program and are paying premiums, the only coverage provided during the six-month waiting period is in the event of an accidental death. Therefore, take advantage of the open enrollment period!
Get Financial Assistance When You Need It Most
We make The Family Indemnity Plan available to provide financial assistance at a time when you and your family may need it most. This beneficial coverage is one of the many unique services for which you are eligible as a credit union member. Ask about The Family Indemnity Plan today. After all, there's nothing more important than protecting your family.
Download the Family Indemnity Form Here