Family Indemnity Plan
The Family Indemnity Plan
A GOOD THING FOR YOUR FAMILY’S FUTURE
Additional protection for Your Family’s Future
Protect your loved ones with reliable funeral insurance that offers peace of mind and financial security.
The Family Indemnity Plan, offered by TEXTEL Credit Union in partnership with CUNA Caribbean Insurance Society Limited, provides a cash benefit to help cover funeral expenses for you and your eligible family members. This group life insurance plan guarantees a fixed, level cash benefit payable upon the death of an insured person, ensuring your family is supported during difficult times.
We’ve partnered with CUNA Caribbean Insurance Society Limited to offer the Family Indemnity Plan, a group life insurance plan that provides a level cash benefit in the event of death of an insured person.
How Does the FIP Work?
- One monthly premium covers you plus up to eight additional family members.
- Coverage up to $100,000 per person.
- No medical exams or underwriting required to apply.
- Lifetime coverage for you, your spouse or cohabitant, and parents (or parents-in-law) if enrolled before age 76.
- Children covered from ages 1 to 25 — unmarried children are covered up to age 25; married children cease coverage upon marriage.
- Benefit paid per covered individual at the time of their passing — up to nine valid claims per policy.
- Flexible plan upgrades and downgrades to suit your financial situation (available after a 6-month waiting period, and once every 12 months thereafter).
- Freedom to use the benefit funds however you wish — no restrictions on payout usage.
- Terminal Illness Coverage: Receive the full benefit if diagnosed with a terminal illness and expected to live less than six months.
- Accidental Death Coverage: Additional payout equal to your death benefit if death occurs due to an accident (coverage ends at age 60).
How Does the FIP Work?
For example, if you select the plan with a $30,000 benefit and all nine covered family members pass away during active coverage, the plan will pay $30,000 per person, totalling $270,000 in benefits over the lifetime of your policy.
*Terms and conditions apply. Please review eligibility criteria and coverage details before enrolling.
Choose a FIP plan that best suits you
| Plan Options | Monthly Premium | Individual Benefit |
|---|---|---|
| Plan A | $63.40 | $10,000 |
| Plan B | $95.10 | $15,000 |
| Plan C | $126.80 | $20,000 |
| Plan D | $190.20 | $30,000 |
| Plan E | $253.60 | $40,000 |
| Plan F | $412.10 | $65,000 |
| Plan G | $634.00 | $100,000 |
benefits
Peace of Mind for You and Your Family
$100K
Coverage
Get up to One Hundred Thousand dollars in final expense coverage under Plan G.
Covers Up to
5 Family Members
Includes yourself and up to five eligible relatives, including two parents or in-laws.
No Medical
Required
Join with ease—no medical exams or health screenings needed.
Lifetime
Protection
Once enrolled before age 76, you enjoy lifetime insurance coverage.
Full Claim
Benefits
Eligible members receive full payout on valid claims—per individual.
Simple Monthly
Premium
One affordable monthly payment covers all included members.
coverage
Who Is Covered Under the Plan?
Bring peace of mind to those who matter most—coverage extends beyond you.
- Your spouse or significant other
- Or any combination of up to two persons from your parents or parents-in-law. These persons must be enrolled before age 76
- Your children (aged 1 through 25 and who are not yet married). Children who are permanently disabled are covered for the duration of their lives once they are enrolled before age 26.
got questions?
FAQs
CUNA Caribbean Family Critical Illness Plan
The CUNA Caribbean Family Critical Illness Plan is a health insurance plan that provides coverage for critical illnesses. Critical illnesses are defined as serious, life-threatening conditions that can require expensive treatment. The plan covers up to $300,000 in benefits, and there is no medical exam required to enroll.
The plan is available to individuals and families who are members of a participating credit union. You must be at least 18 years old and under the age of 65 to enroll.
The plan provides coverage for the following critical illnesses:
- Cancer
- Heart attack
- Stroke
- Paralysis
- Major burns
- Organ transplant
If you are diagnosed with one of these conditions, you will receive a lump sum payment of up to $300,000. This money can be used to cover the costs of treatment, lost income, and other expenses related to your illness.
The cost of the plan varies depending on your age, health, and the level of coverage you choose. You can get a quote online or by contacting a CUNA Caribbean representative.
You can enroll in the plan online, by calling a CUNA Caribbean representative, or by visiting your local credit union.
If you file a claim, you will need to provide proof of diagnosis from your doctor. You will also need to submit a claim form and a detailed medical report. CUNA Caribbean will review your claim and make a decision within 30 days.
You can contact CUNA Caribbean by phone, email, or live chat. You can also visit your local credit union for more information.
CUNA Caribbean Critical Illness Rider
If you are diagnosed with one of the following critical illnesses, you will receive a lump sum payment of up to $100,000:
- Cancer
- Heart attack
- Stroke
- Paralysis
- Major burns
This money can be used to cover the costs of treatment, lost income, and other expenses related to your illness.
The cost of the rider varies depending on your age, health, and the level of coverage you choose. You can get a quote online or by contacting a CUNA Caribbean representative.
You can enroll in the rider online, by calling a CUNA Caribbean representative, or by visiting your local credit union.
If you file a claim, you will need to provide proof of diagnosis from your doctor. You will also need to submit a claim form and a detailed medical report. CUNA Caribbean will review your claim and make a decision within 30 days.
You can contact CUNA Caribbean by phone, email, or live chat. You can also visit your local credit union for more information.
Find out more
Come in and visit us or Download the product brochure.
Pay us a visit
#85 Henry Street,
Port of Spain
Call us at
(868) 627-6503
Send us an Email
membership@textelcu.com
Monday - Friday : 8:00 am - 4:00 pm
