Roseau Cooperative Credit Union - Family Indemnity Plan

Family Indemnity Plan

Losing a Loved One is Difficult Enough
So It's Good to Be FInancially Prepared

The Family Indemnity Plan (FIP) is designed to cover the final expense of Credit Union Members' and their eligible family members. It provides for a total of up to six (6) eligible family members' to be insured at any one time. FIP is a group life insurance that provides a fixed cash benefit in the event of death of an Insured Person.

Eligible family members' include:

The Credit Union Member
Spouse or 'significant other', parents of the member,if any; or parents of the spouse or significant other. if any; who have not yet reached the age of 76.
The Membe's dependent children age 1-25(not married) including adopted and foster children.
Except in the case of dependent children, there is no maximum age limit for continuing under the plan.

Features & Benefits

There are four (4) coverage options from which the member may choose:

	Premium	Benefit
PLAN A	$26.40 monthly	$5,000.00
PLAN B	$39.80 monthly	$7,500.00
PLAN C	$52.80 monthly	$10,000.00
PLAN D	$79.20 monthly	$15,000.00

The benefit payable, for each Insured Person, is based on the Plan selected by the member.

Advantages of the Plan

Up to six(6) family members are covered for one affordable monthly premium
The benefit is paid for each person.
There are no medical examinations or questions.
It provides life time insurance coverage for member, member's spouse and parents
Payments of claims are made within 2 days giving quick access to cash.

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To enroll visit our Fixed Deposit/ Chequing Account Section or call 255-2125 for more information.

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Losing a Loved One is Difficult Enough So It's Good to Be FInancially Prepared

Features & Benefits

Advantages of the Plan

Losing a Loved One is Difficult Enough
So It's Good to Be FInancially Prepared