|
Benefits:
- Premiums are affordable
- Coverage is available for up to 6 family members who maybe included at inception or any time after your enrollment in the plan
- There is flexibility to increase coverage to the specified levels at any time
- Its simple
Who is eligible for Coverage?
Co-op LIFE Advantage is open to all Credit Union members between the ages of 18 and 75. However an individual may not be insured under more than one plan at the same time either as the enrolling member or as a family member of the enrolling member of the enrolling member.
How Does Co-op LIFE Advantage Work
-
Once you and your family are enrolled in the Plan you will receive a Certificate of Insurance from guardian Life which clearly sets out the terms and conditions of you family's cove rate
-
Your monthly premiums will be deducted from you Credit Union account and paid to Guardian life
-
Upon the death of any covered family member you must notify Guardian Life within 30 days to receive the death benefit
-
The death benefit is paid to the enrolling Credit Union Member the death benefit is paid to his Nominated Beneficiary and the plan may be continued by anyone of the covered family members who is also a Credit Union Member.
-
You need to note that there are certain circumstances in which a death benefit will not be payable and these are clearly identified on the Application Form and in your Certificate of Insurance
-
In particular you should note that no benefit will be paid where any contributing cause of death is sickness or injury which first became manifest prior to coverage being effected unless that coverage was in effect for a continuous period of 6 months
Enrolment and premium Payments Are Easy
Once you are a Credit union member and can answer "no" to the medical and lifestyle questions on our application form you are eligible for enrollment. Enrollment is completed by submitting the completed application form with the first premium and instructions for the future payments to your credit Union. Upon acceptance of your application you will receive a Certificate of Insurance
Application forms are available at your credit union branch
Levels of Coverage and Premiums
There are varying levels of coverage (sums assured). The monthly premiums for each level of coverage are:
Plan Type
|
Sum Assured
($) |
Monthly Premium
($) |
| BRONZE |
7,500.00 |
48.69 |
| SILVER |
10,000.00 |
64.93 |
| GOLD |
12,500.00 |
81.16 |
| PLATINUM |
15,000.00 |
97.39 |
| |
|
|
Rates are guaranteed for one year and are reviewed annually on the plan Date of june 1st
Customer service and Claims Administration
Any queries or information you need on your plan may be obtained for our Employee Benefits staff at Guardian Life who are always happy to serve you
Our Employee Benefits department will also handle payment of death benefits and any request for adding family members, changes in beneficiary or increases in level of coverage
Please note that this is not a contractual document. The terms and conditions that will apply to your coverage are stated in the Application Form and will not be affected by any thing stated in this brochure.
Please Register with us we will be in contact with you within the next 24 hours
| 
