Bereavement Benefit Plan

Bereavement Benefit Plan

Catering for Your loved noes after you’ve passed.

This product is not intended to compete with the FIP but to create another avenue where members can leave some assistance to their loved ones for burial.

Through this product a Credit Union member is expected to make an annual contribution of $60 per year and at death his/her beneficiary will receive $2,500 to assist with funeral expenses.

This product encourages members to save  at least $200 during the period of enrollment, and be enrolled for at least six (6) months prior to the date of  death to qualify for any benefits.

Members over the age of 65 are not eligible for enrollment in the Bereavement Benefit Plan.