When there is a death in the family, the Family Indemnity Plan (FIP) will pay a cash benefit to cover the funeral cost for you and up to eight (8) eligible family members.
Family Indemnity Plan
We’re Here For You
Losing a family member is hard but we’re here to make the process a little easier for you with our CUNA insurance plan.
Losing a family member is hard but we’re here to make the process a little easier for you with our CUNA insurance plan.
How it works
Who it covers
- Member and spouse or cohabitant (common-law) are covered for life once enrolled before age seventy-six
- Any combination of up to two persons from the member’s parents or parents-in-law are covered for life once enrolled before age seventy-six
- Up to 5 children age one through twenty-five. Children includes:
- Unmarried children (biological, under legal guardianship, or non-biological children you assume the obligations of parenthood for) of member, member’s spouse or cohabitant.
- Permanently disabled children are covered for the duration of their lives once they are enrolled before age twenty-six
Benefits
- No Medical Examinations or questions
- Lifetime Insurance Coverage
- Payments for claims are made within two (2) working days
- If an Insured Member or Person is diagnosed with a terminal illness and has less than six (6) months to live, they can receive their full Plan Benefit while still alive.
- If the Insured Member dies due to an Accident, the Plan will pay double the Coverage amount.
Monthly premiums you can afford
| Type Of Plan | Monthly Premiums | Death Benefits Payable |
|---|---|---|
| Plan A | $63.40 | $10,000.00 |
| Plan B | $95.10 | $15,000.00 |
| Plan C | $126.80 | $20,000.00 |
| Plan D | $190.20 | $30,000.00 |
| Plan E | $253.60 | $40,000.00 |
| Plan F | $412.10 | $65,000.00 |
| Plan G | $634.00 | $100,000.00 |
Take the next step
To sign up for a Family Indemnity Plan, you first have to become a RHAND member.
Here’s how you can start:
- Fill out the Enrollment Form which must be submitted in-person to the Credit Union.
- Provide one form of valid Identification.
- Provide proof of address (utility bill no older than 3 months).
- Provide proof of relationship to eligible family members (marriage certificate, birth certificate).
- Pay the first two months’ premium.
Coverage is effective the first of the month following enrollment. There is however a six-month waiting period during which only claims arising from accidental death will be paid.
Become a member
Experience the RHAND Credit Union difference with excellent options tailored for every stage of your life, the conveniences you expect, and local, personalized service.
