Staff of Hope Credit Union

Family Indemnity PlanSafeguard your financial future as well as your loved one’s

Our Family Indemnity Plan provides Final Expense coverage for you and your family through the provision of a death benefit to help cover immediate expenses such as funeral and burial expenses; medical bills, unpaid loans; legal fees to probate a will and more. It can even be used to augment a legacy for a loved one.

How ItWorks

There are seven plan options (A to G), each offering an individual death benefit ranging from

$10,000 to $100,000 for every insured person on your plan. A single monthly premium covers six individuals, including yourself—the Primary Insured (FIP Certificate Holder)—and five other eligible family members. Eligible family members comprise: a spouse (either married or
common-law), unmarried children aged 1 to 25, and any combination of two parents or parents-in-law.

If you enroll a parent or parent-in-law before they turn 76, they will receive lifetime coverage. Choose the plan that best fits your budget and coverage requirements. Enrollment does not require a medical examination.