The Family Indemnity Plan (FIP)
The Family Indemnity Plan is offered to provide financial assistance at a time when you and your family may need it most. Funerals can be very costly and this plan covers that expense. A maximum of six persons per family can be covered. They include: you, your spouse or significant other, children up to the age of 26, parents and parents-in-law up to the age of 76.
Premiums are as low as $52.80 per month. Benefit range from $10,000.00 to $40,000.00. No medical examination is required and claims are paid within 2 working days. Visit the Credit Union Office for more information.
Plan |
Coverage |
Premium (monthly) |
A |
$10,000.00 |
$52.80 |
B |
$15,000.00 |
$79.20 |
C |
$20,000.00 |
$105.60 |
D |
$30,000.00 |
$158.40 |
| E |
$40,000.00 |
$211.20 |
Loan Protection Insurance
Covers loan balances of a credit Union member against untimely death or total and permanent disability. Up to $100,000.00 will be paid to clear off the debt of a member deceased before age 70 or permanently disabled before age 60 at no cost to the member. |