Southwark Credit Union - Family Life +

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..Family Life +

. 5 Star Rating

1.       Up to 12 family members covered from £2.00 per person per month on one
           unique policy
   2.     48 hours claim settlement
   3.       Premium rate guaranteed for life
   4.       Simple and quick process - immediate and guarantees acceptance
   5.       Children under age 18 are free

. What is Family Life + and how can it protect me?

Family Life + is a unique whole of life protection product for you and your family that provides peace of mind at an affordable price.

You can insure yourself, your Spouse/Significant other, plus your children, subject to a maximum of 12 insured persons. Children under 18 are free to add to the policy.

You can choose a benefit level depending on your needs of £2,000, £3,000, £4,000 or £6,000. The cover is guaranteed for as long as premiums continue to be paid to the Insurer and until the last of the insured persons die.

Many life assurance policies take months or even years to settle claims, which means that individuals can be under financial pressure from costs arising from the bereavement of a family member. Family life + claims are settled within 48 hours.

. Who should consider this product?

• Any individual member who is not insured or is under-insured in respect of life cover.
• Anyone who has finished working and no longer has death in service benefit insurance.
• Anyone who has death benefit through their employer but may require supplementary cover for their extended family.
• Anyone with life insurance seeking a faster simpler pay-out for their loved ones during a stressful period when financial liquidity is critical.

. Who can take out this cover?

To apply for a policy you must:
• Be aged 18 years or over and under 70 years (individuals over age 70 can contact insurance@cunamutual.co.uk for a quotation);
• Be resident in the UK

. Please be aware of the following policy exclusions:

Waiting Period:
• A six-month waiting period applies to each insured person. Each insured family member is fully protected after the initial waiting period, with all individuals covered for Accidental Death during this waiting period.

Policy Exclusions:
• Suicide within 2 years of the date cover commences.
• Deaths that occur outside the Geographic Area except where the insured person is on holidays with documented intention to return home within 30 days.
• Deaths arising from involvement in criminal activity.
• Deaths arising from war, terrorism or nuclear reaction.
• Accidental deaths resulting from participation in a riot, drug abuse, parachuting or sky diving or flying other than as a passenger or crew member of a commercial airline.

Please note that this document does not contain the full terms and conditions of the Family life+ policy - these can be found in the Policy Document.

. How much does it cost?

Family life + cover starts from as a little as £2.00 per person per month. Your monthly premium will depend on:
• The benefit level chosen
• You age at the date you apply for cover
• The amount of people you decide to add to your policy and their ages at the date you add them to the policy

Click here for online quotation »

The available options and related premium rates are shown in the table:

Benefit Options paid upon death of Insured Person	Plan A £2,000	Plan B £3,000	Plan C £4,000	Plan D £6,000
Age at date added to the policy	Monthly premium	Monthly premium	Monthly premium	Monthly premium
Less than 18**	£0	£0	£0	£0
18 to 29	£2	£3	£4	£5
30 to 39	£3	£4.50	£6	£9
40 to 49	£5	£7.50	£10	£15
50 to 59	£7	£10.50	£14	£21
60 to 64	£10	£15	£20	£30
65 to 69	£13	£19.50	£26	£39

**A lifetime guarantee that the premium will not increase as the insured family member gets older unless a change in taxation or legislation materially affects your policy.

. What are the main features and benefits?

Feature	Benefit
Simple	• Automated online 5-step purchase process. • No medical questions. • 4 benefit levels. • Monthly premium paid by direct debit via your Credit Union (if available) or your Bank.
Quick	• Guaranteed Cover if you are under 70 and resident in the UK when added to the policy. • Family life + claims settled in 48 hours of receipt of the required documentation.
Affordable	• Available from as a little as £2.00 per person per month. • Children under age 18 are added for free.

**A lifetime guarantee that the premium will not increase as the insured family member gets older unless a change in taxation or legislation materially affects your policy.

. How can I make a claim?

In the event of a claim please contact our Family life+ Policy Administration Team on 0870 1433504 - they will help you through the claim process and register it for you. Monday to Friday 8am-6pm and Saturday 9am-1pm (lines are not open on public holidays).

. Links on this page:


•	5 Star Rating
•	What is Family Life +
•	Who should consider?
•	Who can take out?
•	Policy exclusions
•	How much does it cost?
•	Main features & benefits
•	How can I make a claim?

London Mutual Credit Union is authorised and regulated by the Financial Services Authority (FSA)

Providing ethical financial services for over 28 years