Family Indemnity Plan

The family Indemnity Plan allows you to insure up to six family members for one low monthly premium.

Who is covered?

1. Spouses
2. Any combination of up to (2) parents or parents-in law
3. Children who are not married ages 1 through to 25
4. Permanently disabled children for the duration of their lives if enrolled prior to age 26

Coverage Options

Five (5) coverage options are available to you so you can choose the one that best fits your needs.

Easy Enrolment and Payment

1. All you need to do is fill out a simple enrolment form and pay your first month’s premium over the counter.
2. Coverage is effective the 1st of the month following enrolment
3. There is a 6-month waiting period during which only claims arising from accidental death will be paid

Loan Protection Insurance

Our Loan Protection package ensures that the outstanding balance on your loan is paid in the event that you die or become permanently disabled. This benefit is available to all members of the JTA Co-op. Credit Union under the age of 70.
Special features include:

1. Service offered at no additional cost
2. The maximum loan repayment time is 10 years
3. The maximum loan coverage is $2.4 million

Life Savings Protection Insurance

As an added benefit to you, and at no extra cost, we also to up the legacy you leave your loved ones upon your death. Your savings is automatically insured so that you and your family can be financial secure in the event of death or dismemberment. It’s just another benefit of being a Credit Union member.