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Family Indemnity Plan

This is an insurance plan that provides a lump sum payment on the death of any one of up to five family members for one low monthly premium. This plan is offered by CUNA Mutual Insurance Society and allows members to choose among elven (11) affordable options:

Plans

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
F J$650,000.00 J$3,432.00
G J$1,000,000.00 J$5,280.00
H J$1,300,000.00 J$6,864.00
I J$1,600,000.00 J$8,864.00
J J$1,800,000.00 J$10,458.00
K J$2,000,000.00 J$12,680.00

 

Benefits

  • Provides a source of funds to take care of funeral expenses in the event of their death.
  • Provides a source of financial security for loved ones or family members after ones passing.
  • The monthly premium covers the final expenses for the Policyholder and up to five (5) eligible family members.
  • No medical examination required when you sign up.
  • Policyholder will receive lifetime insurance coverage once he/she applies before age seventy-six (76) and the application is approved.

 Key Features & Characteristics

  • Members must be the first person covered on this plan.
  • Covers spouse/significant other, parents/parents-in-law (75 years or younger) and children.
  • Easy enrollment and payment plan.
  • Provides flexibility by offering eleven (11) different plans.
  • Member has the option to rename insured person.
  • Benefits will be paid on the submission of death certificate as proof of the death of the insured.
  • In the event of the member's death, insurance under this policy may be continued by any of the adult members covered by the plan.