What is FamilyLIFE+ and how can it protect me?

FamilyLIFE+ is a unique whole of life protection product for you and your family that rovides peace of mind at an affordable price. You can insure yourself, your Spouse/Significant other, your parents or the parents of your Spouse/Significant other, plus your children, subject to a maximum of 12 insured persons. Children under age 18 are free to add to the policy.

You can choose a benefit level depending on your needs of £2,000, £3,000, £4,000 or £6,000. The cover is guaranteed for as long as premiums continue to be paid to the Insurer and until the last of the insured persons die. Many life assurance policies take months or even years to settle claims, which means that individuals can be under financial pressure from costs arising from the bereavement of a family member. FamilyLIFE+ claims are settled within 48 hours.

What are the main features and benefits?

Simple

• Automated online 5-step purchase process

• No medical questions

• 4 benefit levels

• Monthly premium paid by direct debit via your Credit Union (if available) or your Bank

Quick

• Guaranteed Cover if you are under 70 and resident in the UK when added to the policy

• FamilyLIFE+ claims settled in 48 hours of receipt of the required documentation

Affordable

• Available from as little as £2.00 per person per month

• Children under age 18 are added for free

 Who should consider this product?

• Any individual member who is not insured or is under-insured in respect of life cover

• Anyone who has finished working and no longer has death in service benefit insurance

• Anyone who has death benefit through their employer but may require supplementary cover for their extended family

• Anyone with life assurance seeking a faster simpler payout for their loved ones during a stressful period when financial liquidity is critical

Who can take this cover out?

To apply for a policy you must:

• Be aged 18 years or over and under 70 years (individuals over age 70 can contact

insurance@cunamutual.co.uk for a quotation);

• Be resident in the UK

 How much does it cost?

FamilyLIFE+ cover starts from as little as £2.00 per person per month. Your monthly premium will depend on:

• the benefit level chosen

• your age at the date you apply for cover

• the amount of people you decide to add to your policy  and their ages at the date you add them to the policy

The available options and related premium rates are shown in the table:

A lifetime guarantee that the premium will not increase as the insured family member gets older unless a change in taxation or legislation materially affects your policy.

How can I arrange cover?

Where appropriate contact or log onto your Credit Union website or www.familylifeplus.co.uk where you can obtain a quotation, review the Policy Summary & Policy Document, and, if the policy meets your needs, apply for cover.

How can I make a claim?

In the event of a claim please contact our FamilyLIFE+ Policy Administration Team on 0870 1433504 – they will help you through the claim process and register it for you.

Monday to Friday 8am-6pm and Saturday 9am-1pm (lines are not open on public holidays).

Please be aware of the following policy exclusions:

Waiting Period:

• A six-month waiting period applies to each insured person. Each insured family member is fully protected after the initial waiting period, with all individuals covered for Accidental Death during this waiting period.

Policy Exclusions:

• Suicide within 2 years of the date cover commences.

• Deaths that occur outside the Geographic Area except where the insured person is on holidays with documented intention to return home within 30 days.

• Deaths arising from involvement in criminal activity.

• Deaths arising from war, terrorism or nuclear reaction.

• Accidental deaths resulting from participation in a riot, drug abuse, parachuting or sky diving or flying other than as a passenger or crew member of a commercial airline.

 
OPTIONAL LOAN PAYMENT PROTECTION INSURANCE*

Taking out a loan can involve a long-term financial commitment. If you become unemployed or have an accident or illness that affects your income, how will you manage to keep up your loan repayments? For an additional monthly premium, Credit Union MEMBERS Financial Services’ Payment Protection Insurance can insure your loan repayments against involuntary unemployment, accidents and sickness.

There are two levels of cover you can choose from:

• Accident, sickness and unemployment or

• Accident and sickness only

If you become unemployed or have an accident or an illness which means you are unable to work for at least 30 days your loan repayments will be made until you are able to return to work, up to a maximum period of two years for any one claim. Contact us for more information on levels of cover available. 

NEW - MORTGAGE COVER+ *

Partners Credit Union is pleased to be able to offer our members a great new insurance product - MortgageCover+.

MortgageCover+ is an affordable Mortgage Payment Protection Insurance policy which can provide real peace of mind should illness, an accident or involuntary unemployment befall you.

MortgageCover+ is designed so that you can arrange and only pay for the cover you need.  The amount you pay is calculated per £100 of cover you require and your monthly premium will depend on the amount of cover you need and the policy options you choose.

• Choose Accident and Sickness, Involuntary Unemployment cover or both

• Choose the amount of monthly cover you need

• Choose single cover or split cover (in joint names)

• Choose how long you will have to wait until a benefit is paid to you if an insured event occurs

• Choose the maximum number of months that you will receive benefits for any single claim

Click on the banner below to be taken to the CUNA Mutual Insurance (Europe) Ltd web site for a quick quote!  The link will open as a new web window - please note that Partners Credit Union cannot be held responsible for the content of this external site.