Family Security Credit Union Death Policy of Alabama

A No Cost Private Passenger Benefit for Our Members

Accidents tin happen every mean solar day and can happen to anyone. We are pleased to offering all ABCO Federal Credit Union members Family unit Security Plan's Private Passenger Accident Plan at no cost. If you lot are hospitalized after an accident in a private passenger automobile, this benefit will provide $240.00 each day you are in the hospital.*

*The first day of a hospital stay must occur within ninety days of the accident, causing injury. It will go on until the covered person is no longer in-infirmary, the maximum number of days has elapsed or the covered person passes. There is a 30 day max period of confinement. Coverage expires 1 year from constructive appointment. Policyholder may renew coverage annually up to age 70.

PFP | The Family Security Programme® Whole Life Insurance features:

Flexible Benefits and Affordable Rates

You lot can choose the death do good corporeality that gives yous peace of mind and the premium amount that will fit your budget.

Family unit Coverage

Your spouse, for equally little as $3 a week, your grandchildren and groovy-grandchildren, for $ii a week per kid, and even your parents are all eligible for Whole Life Insurance.

Immediate Coverage

You are covered as soon as you accurately fill out, sign your application and qualify payment.

Convenient Premium Payment

There are no bills to scout for or checks to mail. Premiums are conveniently paid automatically from the financial establishment of your option.

Permanent Insurance Protection

The policy is yours to proceed by continuing to pay premiums, even if y'all have a alter in employment or health.

Total Portability

You tin can keep your coverage at the aforementioned cost if you alter jobs or retire.

Guaranteed Cash Values

Whole Life Insurance contains a guaranteed cash value feature. Payment of the scheduled premiums will produce guaranteed cash values, much like the equity in your home. There are a number of benefits to this cash value feature:

1. It is tax-deferred and you can utilize it by taking a policy loan.

ii. Or if you were to retire, you could use your greenbacks value to purchase a reduced policy amount and make no farther premium payments.

three. Or yous could elect to go along the policy and allow the cash value to grow.

Paid-Up Coverage

Paid-up life insurance allows y'all to keep your policy without paying any premiums. Once you take built upwardly a sufficient greenbacks value in your policy, you tin utilize your cash value to purchase a reduced policy amount, and make no further premium payments.

PFP | The Family unit Security Plan® Term Life Insurance Features:

• FLEXIBLE BENEFITS AND AFFORDABLE RATES

  You can select the decease benefit that will help meet the time to come needs of your family. Premium rates vary according to the level premium term menstruum and benefit amount y'all choose.

• User-friendly PREMIUM PAYMENT

  There are no bills to watch for or checks to mail. Premiums are conveniently paid automatically from your fiscal establishment, debit card, credit menu or ACH.

• DEPENDENT CHILDREN'S INSURANCE BENEFIT

  Your dependent children can be covered for a maximum of $10,000 for as little as 17 cents a day per $1,000 of coverage. This term coverage can be converted to a permanent Whole Life program of insurance up to the child'due south 25th birthday. The amount of Whole Life Insurance coverage can exist up to 5 times the amount of the passenger benefit.

• INSURANCE PROTECTION FOR THE DURATION OF THE TERM

  Once your insurance application has been approved, the policy is yours to keep for the full term as long as yous continue paying the premiums when due. In one case the level term period ends, you can extend your coverage until age 90, however, rates will increase each twelvemonth based on the insured'due south attained age.

PFP | The Family Security Programme® Accident Plus Insurance Features:

Firsthand Coverage

You coverage becomes constructive as soon every bit your initial eligibility requirements are met, you have authorized payment, and your application is signed.

Guaranteed Event

No medical history is required for coverage to exist issued.

Guaranteed Renewable

Your coverage cannot be canceled as long as your premiums are paid as due.

Full Portability

You can keep your coverage at the aforementioned toll if you change jobs or retire.

HSA Compatible

You can take this coverage fifty-fifty if you have a Health Savings Account.

PFP | The Family unit Security Plan® Critical Illness Insurance features:

Affordable Extensive Coverage

Critical Illness Insurance offers powerful protection at an affordable price.

Family Coverage

You tin insure yourself, your spouse, your children, and dependent grandchildren.

Covered Amounts

Y'all tin can choose a Face Corporeality of the do good, between $ten,000 and $100,000.

Full Portability

You can keep your coverage if you change jobs or retire.

Guaranteed Renewable

Your coverage cannot exist canceled as long every bit your premiums are paid as due.

No Benefit Reduction

Benefits never decrease due to historic period.

Convenient Premium Payment

At that place are no bills to watch for or checks to mail service. Premiums are conveniently paid automatically from the financial institution of your pick.

HSA Compatible

You tin have this coverage even if you accept a Health Savings Account.

No Treatment Requirements

Y'all are not required to be hospitalized or go treatments in gild to receive benefits.

No Coordination of Benefits

Benefit payments are madein improver to any other insurance you may have.

PFP | The Family unit Security Program® Disability Insurance Features

Immediate Coverage

Your coverage becomes effective as shortly as your eligibility requirements are met, you accept authorized payment and your application is signed.

Monthly Payment Benefits

Monthly benefits are payable if you are disabled and unable to perform all the substantial and textile duties of your job.

Additional Coverage

Your coverage includes benefits payable for sickness and accidents that are not covered by Worker'south Compensation.

Convenient Premium Payments

There are no bills to watch for or checks to post. Premiums are conveniently paid automatically from the fiscal institution of your choice.

Pregnancy Complications

Disability caused past complications of pregnancy are covered the same as whatsoever other illness. A complicated pregnancy could include not-elective cesarean department or other weather condition requiring a hospital stay. Delight refer to your policy for specific details.

Guaranteed Renewable

Your coverage can exist renewed until the age of 72.

Full Portability

You lot can go on your coverage even if you modify jobs or retire.

Waiver of Premium

If y'all are yet disabled 14 days afterwards your emptying period has been satisfied no premiums are due for the balance of the do good period, or until you are no longer disabled, whichever is sooner.

castellanoslited1960.blogspot.com

Source: https://www.abcofcu.org/pfpfamilysecurityplan

Share this post