Family Indemnity Plan

The Family Indemnity Plan can help provide an extra measure of comfort during difficult times. It is an insurance plan designed to cover up to six (6) persons on a single contract, paying cash benefit which can be used to cover the funeral expenses for you and the eligible family members. There are six (6) coverage options available so you can choose the one which best suits your needs. Any member, spouse, or parent of the member who have not yet reached age 76, may enrol in the plan with no medical examination required. The plans are as follows:


Plans	Benefit	Monthly Premium
A	$5,000	$26.40
B	$7,500	$39.60
C	$10,000	$52.80
D	$15,000	$79.20
E	$20,000	$105.60
F	$25,000	$132.00
G	$30,000	$158.40

Who are the eligible members covered?

The Credit Union member
Member's spouse or significant other (significant other is a person of the opposite sex who lives with the member and is considered to be the Insured's common-law spouse)
Unmarried children/ dependent (between the ages 1 to 26 years - biological and non-biological)
Permanently disabled children for the duration of their life if enrolled prior to age 26 (the permanence and degree of such impairment shall be supported by medical evidence)
Member's parents or in-laws.

ALL ADULTS (not dependents) need to join the plan before reaching age 76.