PSCU Credit Union in conjunction with CUNA Caribbean Insurance is committed to providing its members with insurance coverage that ensures peace of mind.
Our coverage encompasses: Family Indemnity Plan (F.I.P.), Payment Protector (P.P), Advance Protector (A.P) and
Loan Protector (L.S.)
We are dedicated to making insurance simple, convenient, and affordable for our members.
PSCU offers the CUNA Caribbean Insurance Family Indemnity Plan (F.I.P.). This benefit provides financial support and comfort to cover funeral expenses for yourself and up to five (5) eligible family members.
A Loan Protection that offers coverage on loans up to $1,000,000.00 in the case of the member’s death and has a disability rider attached similar to the (P.P.), all in one premium. Applicable to members between the ages 18 to 75 years.
PSCU offers the CUNA Caribbean Insurance Loan Protection/Life Savings (L.P./L.S.). This benefit provides insurance coverage for shares and loans held at the Credit Union and is payable upon the death of the member.
PSCU offers the CUNA Caribbean Insurance Payment Protector (P.P.). This benefit provides a temporary sickness and disability benefit that covers your regular monthly payments to your credit union for up to two (2) years up to $250,000.00.
PSCU offers the CUNA Caribbean Insurance Family Indemnity Plan (F.I.P.) This benefit provides financial support and comfort to cover funeral expenses for yourself and up to five (5) eligible family members.
You must submit the F.I.P claim statement to your credit union along with the following documents:
A Loan Protection that offers coverage on loans up to $1,000,000.00 in the case of the member’s death and has a disability rider attached similar to the (P.P.), all in one premium. Applicable to members between the ages 18 to 75 years.
PSCU offers the CUNA Caribbean Insurance Loan Protection/Life Savings (L.P./L.S.). This benefit provides insurance coverage for shares and loans held at the Credit Union, and is payable upon death of the member.
PSCU offers the CUNA Caribbean Insurance Payment Protector (P.P.). This benefit provides a temporary sickness and disability benefit that covers your regular monthly payments to your credit union for up to two (2) years.
The Advance Protector Plan is a Member-Paid plan that will re-pay loan balances:
The Advance Protector covers loans up to $1,000,000.00
For death claims it covers member up to age 75. For Total and permanent disability it covers members up to age 60. For temporary disability it covers member up to age 65
Yes the advance protector both single and joint loans
For single loans it cost $0.63 per $1000, for joint loans $1.134 per $1000 and for the temporary disability rider it costs $1.45 per $100 and for joint $2.75 per$100.
Payment Protector is a member-paid plan that provides a benefit if a member becomes temporarily disabled, paying up to two years of monthly credit union contributions.
It cost $2.75 per $100
Yes you must have a loan in order to take the Payment protector but it can cover all credit union monthly contributions eg loan installments, savings, utilities etc.
You must be between the ages 18-65.
Loan Protection Insurance provides coverage on the life of a Member to protect unpaid loans in the event of their untimely death or total and permanent disability.
Age 70
The loan Protection insurance with PSCU credit union covers members up to $100,000.00
No medical required, once a member has a loan within the credit union and they are within the coverage and age limit they get automatic coverage under the LP.
Life Savings Insurance (LS) provides insurance for Members’ savings at no direct cost or charge to them.
Members savings are covered up to $25,000.00
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Life Savings Insurance (LS) provides insurance for Members’ savings at no direct cost or charge to them.
Members savings are covered up to $25,000.00
Members are covered up to age 70
Members savings are calculated based on their savings throughout the years of saving and are given the amounts up to $25,000 as seen in the table below.
|
The Member’s Age At Deposit |
% Insurance coverage |
| 0-6 months |
25 |
| 6 months through 54 years |
100 |
| 55 years through 59 years |
75 |
| 60 years through 64 years |
50 |
| 65 years through 69 years |
25 |
| Age 70+ |
0
|
PSCU’s membership offers the most affordable options to help you save, borrow, and manage your finances.