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FAMILY INDEMNITY PLAN (FIP)

Choose the option that best suits you :

Premium

Plan A

$26.40/mo.                      $5,000

Plan B

$39.60 /mo.                     $7,500

Plan C

$52.80 /mo.                   $10,000

Plan D

$79.20 /mo.                    $15,000

PLAN E

$105.60 /mo.                $20,000

PLAN F

$132.00 /mo.                 $25,000

PLAN G

$158.40 /mo.                 $30,000

Benefit

The Family Indemnity Plan (FIP) offers financial peace of mind during a difficult time by providing a cash benefit to cover final expenses. 

BENEFITS OF THE FIP: 

  • No medical examination required

  • One monthly premium covers final expenses for you and up to five eligible family members

  • 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 IS COVERED? 

​To enjoy coverage under any one of the seven coverage options with the FIP, you must be a member of GBCCU Ltd or another credit union. The plan you select can cover you and any combination of the following persons:

  • Your spouse or significant other

  • Any combination of up to two persons from 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.

© 2021 Grand Bay Cooperative Credit Union Ltd.