LIFE SAVINGS INSURANCE
Your savings in your credit union are insured through life savings insurance from CUNA Mutual Insurance. This unique benefit is available to credit union members at no direct cost, up to an amount specified by your credit union. Should you die, your beneficiary receives the money in your savings account, plus an extra cheque for the amount of the insured savings. (Conditions apply).
LOAN PROTECTION INSURANCE
Loan Protection Insurance provided by CUNA Mutual, the life insurance arm of the Credit Union Movement, protects loans at an amount specified by you. There is no direct cost to you for this service.
Therefore if the member dies before the age of seventy (70) leaving an outstanding loan, his/her estate will not be called on to repay the loan. This is what gave rise to the well-known credit union maxim, ‘The debt dies with the debtor.’ However, conditions apply.
Likewise, if the member becomes totally and permanently disabled before age sixty (60) the insurance will repay your loan. Conditions also apply.
GROUP HEALTH CARE PLAN
A group health care plan is available to credit union members through Blue Cross of Jamaica on an individual or family membership basis, which covers your spouse and children up to age 19.
Click here for Credit Union Blue
GENERAL INSURANCE
Motor vehicle insurance, property insurance and personal accident insurance are available to credit union members at reduced group rates through NUC-CIS.
THE FAMILY INDEMNITY PLAN
When there is a death in your family, The Family Indemnity Plan can help provide an extra measure of comfort. It will pay a cash benefit, which can be used to cover the funeral cost for you and your eligible family members.
Click here to find out how the FIP works
Who is Covered?
Any member, spouse, or parents of the member who have not yet reached age 76, may enroll in the Plan with no medical examination required. Up to six family members may be covered:
Click here for more information about FIP
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