Protect What Matters Most:
Two Insurance Options, Exclusively for Our Valued Members!
Unlock Exclusive Insurance Products: SECU Credit Union, an Authorized Partner of CUNA Caribbean Insurance Society Limited
In 2012 SECU partnered with SAGICOR to provide its Members with Group Medical Plan Coverage.
The Group Medical Plan also provides for the DALIAN priority care Life, Accidental Death & Dismemberment and Critical Illness coverage, as well as Dependent Life coverage for spouses and children insured on the Plan.
The Family Indemnity Plan (FIP)
The Family Indemnity Plan offers financial comfort during difficult times—providing a benefit to be used to cover the funeral cost for yourself and eligible family members starting from less than $2.00/day. Up to Six (6) family members can be covered by this plan.
There are many benefits that make the FIP worthwhile:
Loan Protection
Loan Protection is the name given to CUNA Mutual Group/CUNA Caribbean Insurance Society Limited “Credit Life” contracts. It covers all the eligible loan balances of a Credit Union Member against untimely death or total and permanent disability. The insurance benefit repays the outstanding insurable loan balance should death, by any means, occur before age 70. The amount of the benefit is subject to what is referred to as the Credit Union’s individual maximum.
This means that up to the Credit Union’s individual maximum will be paid by CUNA to the Credit Union, to clear off the debt of a deceased Member, should death occur before age 70.
Loan Protection provides “peace of mind” for the Member, the Member’s family, and the co-makers against the burden of any unpaid loans upon the total and permanent disability or untimely death of the borrowing Member.
- Premiums for Loan Protection Insurance are paid by the Credit Union
- Additional family security
- Debt elimination at a time of need
- Easy qualification, no paperwork
- More frequent borrowing
Special Conditions Apply
The Family Critical Illness Plan
When a serious diagnosis strikes, there’s nothing like the support of your loved ones. Add to that support the Family Critical Illness Plan which provides up to $300,000 in critical illness coverage.
No medical is required when you sign up, which makes it easy for you and your family to get the insurance coverage you need.
