Golden Harvest | Jamaica Police Co-operative Credit Union

This is a flexible medium to long term savings plan designed to help you achieve your goals of:

A Saving Plan Exclusively for Credit Union Members

The Golden Harvest Savings Plan is combined with a decreasing term life insurance. It is designed specifically for Credit Union members. You are eligible to enroll if you are a credit union member between age 15-65 years old.
Saving is easier with this plan. You agree with the credit union to make regular deposits of a specified amount (minimum $1,000) over a specific period between 12-120 months. You will receive an attractive interest rate (presently 10% compounded)that will exist for duration of the contract. When you reach your savings goal, you can harvest the lump sum and live out your dreams!.

Benefits

The Golden Harvest Savings Plan is designed specifically to bring your goals to fruition even in the event of death. Whether your goal is for your child: sending them to university or to have a beautiful wedding; or even for your spouse to enjoy that new home; the Golden Harvest Savings Plan can assist in making that goal attainable.
In the event that you become totally and permanently disabled, the appropriate benefits will be paid to you, the account holder/insured.
In case of your death, JPOL C.U will pay the benefits to your beneficiary. The insurance benefit payable upon death is equal to the difference between the savings goal and the balance at the time of death. For example, if you die after you have deposited $8,000.00, and your savings goal is $100,000.00, the total amount payable would be $100,000.00 (Savings of $8,000.00 together with insurance benefit of $92,000.00).

Premium and Coverage Terms

With the Golden Harvest Savings Plan there is no direct charge to you! All premiums will be paid to CUNA Mutual Group by your credit union. If you discontinue the savings contract, all accumulated premiums paid by your credit union will be deducted from your account.

In addition, accidental death and disability benefits may be available to you. For more details come in and talk to us!.