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CUNA Caribbean pays Insurance benefit Print E-mail

CUNA Caribbean Insurance the officially recognized insurance carrier for credit unions and non-credit union organizations yet again demonstrates its commitment to Creating Financial Security. A special presentation was made to Mrs. Jean Durity a beneficiary under the CUNA Caribbean Insurance, Directors and Employees Group Life Insurance(DEGL) plan was presented with a cheque which provided coverage for her and her deceased husband Mr. George Durity, a founding member and board member of the Independent Credit Union.

CUNA Caribbean Insurance the officially recognized insurance carrier for credit unions and non-credit union organizations yet again demonstrates its commitment to Creating Financial Security. A special presentation was made to Mrs. Jean Durity a beneficiary under the CUNA Caribbean Insurance, Directors and Employees Group Life Insurance(DEGL) plan was presented with a cheque which provided coverage for her and her deceased husband Mr. George Durity, a founding member and board member of the Independent Credit Union. The DEGL Policy is used by the policyholder to form part of the organization's compensatory package. This policy insures the life of each eligible director and employee of the organization who are between the ages of eighteen (18) and sixty-nine (69). Apart from the full benefit amount being payable at the insured's death, the plan also allows terminated directors and employees to convert their coverage to life insurance without any evidence of insurability.

For over eighteen years, the Independent Credit Union has been providing its board, employees and credit union members with unique products and services from CUNA Caribbean Insurance. These include The Family Indemnity Plan, Loan Protection and Life Savings, General Insurance and DEGL coverages respectively. These products are unique and provide members of the credit and their families with a peace of mind, that protection is guaranteed in a time of need. Mrs. Rhonda Mayers, Manager of Independent Credit Union said that “CUNA Caribbean’s products and services have proven beneficial to the credit union and its members and she remains fully committed to maintaining this mutually beneficial relationship with the organization.”


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