FAQ Category: Death Benefit

What is the process for applying for the Death Benefit?

The informant /beneficiary should submit the original death certificate and the invoice from the funeral home to the Insurance Unit. Once the member qualifies for death benefit the cheque would be written to the funeral home. If the funeral home has already been paid, the proof of the payment should be provided, the payment would

How do I qualify for Death Benefit?

To qualify for death benefit, members MUST join the credit union before the age of 60 years, contribute $30.00 annually towards the programme, and MUST have saved at least $120.00 in their shares within the last year of his/her membership.nNo payment would be made unless a person has been a member for six (6) months

What is the yearly contribution to death benefit?

A contribution of $30.00 must be paid annually to the Death Benefit Programme.n