Insurance Products
Need an insurance plan? The SPCCU has you covered! Check out our insurance products below.
Insurance
The Family Indemnity Plan
What is the Family Indemnity Plan?
The Family Indemnity Plan (FIP) offers financial comfort during difficult time – providing a benefit to be used to cover the funeral cost for yourself and eligible family members. The FIP provides for a total of up to six (6) eligible family members to be insured at any one time.
Your benefits:
- One monthly premium covers final expenses for you and up to five eligible family members
- No medical examination required
- You are eligible to receive the full individual benefit (per person) where valid claims are made
- You get lifetime insurance coverage once you enroll before age 76
Who are the eligible family members covered?
To enjoy coverage under any if the coverage options with the Family Indemnity Plan, you must be a member of The St. Patrick’s Co-operative Credit Union Ltd. The plan you select can cover you and any combination of the following persons:
- The member (up to age 76 years)
- Your spouse or significant other
- Any combination of up to two persons from your parents or parents-in-law (these persons must be enrolled before age 76)
- Your children (including dependent children under your legal guardianship, aged 1 through 25 and who are not yet married.
- Children who are permanently disabled are covered for the duration of their lives once they are enrolled before age 26
Plan Options:
Plan A
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Benefit of $5000
Plan B
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Benefit of $7,500
Plan C
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Benefit of $10,000
Plan D
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Benefit of $15,000
Plan E
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Benefit of $20,000
Plan F
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Benefit of $25,000
Plan G
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Benefit of $30,000
Documentations required for enrolment:
To enroll you must complete an enrollment form and submit the following documents for each insured person along with your first month’s premium.
Proof of identity: copy of Government issued driver’s License, passport or national ID
Proof of relationship: Copy of birth certificate and/or marriage certificate (where applicable) Documents relating to name change: Deed poll and other documents notarized by a notary public or justice of peace.
Proof of Address: Utility bill, Bank or Credit Union Statement not more than three months old.
For more information, please click here to view our brochure.
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