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Individual Life - Final Needs Insurance Program
Live, Love and Leave a Legacy.
You’ve worked hard to make a wonderful life for your family. At this point in your life, you’ve earned the right to relax a little and enjoy the benefits of a life well lived.
So it’s hard to think of our family coping without us.
They will be faced with so many decisions during a time of great sadness. How can we burden them with funeral costs? It’s surprising to learn that, according to Canada’s National Obituary Service, funerals costs average $3,985*. And then there are legal fees, family travel and more.
Plan now to cover funeral costs so your hard-earned savings can be used to continue to care for your family.
Funeral Costs Simplified
Take care of your family with our Final Needs Insurance program. Our program also provides your family with a lump sum Legal Fee Benefit worth $500 to cover the legal costs of settling your estate and honouring the wishes of your will.
Our Final Needs Insurance program is part of a comprehensive portfolio of insurance, retirement and wealth management services we offer. We have been providing exceptional insurance programs to credit union members since 1937. With total consolidated assets exceeding $1.14 billion and more than $25 billion of life coverage.
Trust us; we will be here when your family needs us.
Final Needs Insurance Program Overview
Eligibility
Credit union members from age 50 through 75 are eligible. Call us and we’ll send you an easy, short application form to complete.
You are in control of your Final Needs Insurance program. Choose between $5,000 to $25,000 in insurance coverage. Within 30 days of receiving your policy, you can cancel for a full refund of any premium paid. Your benefits double up to $50,000.
Features That Protect You Immediately
Your family receives the total value of your Final Needs Insurance program, not just the cost of a funeral. In the event of an accident, your family receives twice the coverage amount. And after two years of premium payments, you can choose to receive the cash value of your policy, should you need extra money. If you keep the cash in the policy and continue to pay your monthly premiums, the policy continues to grow for you and your family.
Quite simply, the longer you pay toward the policy, the greater the cash value of your policy.
Our Final Needs Insurance program is a whole life product, not term life insurance. That means:
- Protecting your family never ends
- Your premiums won’t change
- Worry-free; no need to renew your policy
- Your policy will grow in cash value
- You can receive the cash value of your policy should you need the cash
Monthly Rates
Your monthly premium can be conveniently deducted from your personal chequing account.
Rate Charts
Final Needs Rate Chart  (155 KB)
Interested?
If funeral coverage is difficult to talk about, speak with us.
- Call our Customer Contact Center at 1 (888) 263-5110
We will contact you within 24 hours.
* Source: Board of Funeral Services (2005)
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