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What Does a Whole Life Insurance Policy Get You?
MCU’s partnership with The Family Security Plan® provides Whole Life Insurance that gives families complete coverage and a payout that can cover expenses like medical bills, funeral costs, and even regular household bills.
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Whole Life Insurance
FLEXIBLE BENEFITS AND AFFORDABLE RATES
You can choose the death benefit amount that gives you peace of mind and the premium amount that will fit your budget.
FAMILY COVERAGE
Your spouse, for as little as $3 a week, your grandchildren and great-grandchildren, for $2 a week per child, and even your parents are all eligible for Whole Life Insurance.
IMMEDIATE COVERAGE
You are covered as soon as you accurately fill out, sign your application and authorize payment.
PERMANENT INSURANCE PROTECTION
The policy is yours to keep by continuing to pay premiums, even if you have a change in employment or health.
FULL PORTABILITY
You can keep your coverage at the same cost if you change jobs or retire.
PAID-UP COVERAGE
Paid-up life insurance allows you to keep your policy without paying any additional premiums. Once you have built up a cash value in your policy, you can use your cash value to purchase a reduced policy amount, and make no further premium payments.
Disability Insurance
IMMEDIATE COVERAGE
Your coverage becomes effective as soon as your eligibility requirements are met, you have authorized payment and your application is signed.
MONTHLY PAYMENT BENEFITS
Monthly benefits are payable if you are disabled and unable to perform all the substantial and material duties of your job.1
ADDITIONAL COVERAGE
Your coverage includes benefits payable for sickness and accidents that are not covered by Worker’s Compensation
CONVENIENT PREMIUM PAYMENTS
There are no bills to watch for or checks to mail. Premiums are conveniently paid automatically from the financial institution of your choice.
GUARANTEED RENEWABLE
Your coverage can be renewed until the age of 72.
FULL PORTABILITY
You can keep your coverage even if you change jobs or retire.
WAIVER OF PREMIUM
If you are still disabled 14 days after your elimination period has been satisfied, no premiums are due for the remainder of the benefit period, or until you are no longer disabled, whichever is sooner.
Critical Illness Insurance
AFFORDABLE EXTENSIVE COVERAGE
Critical Illness Insurance offers powerful protection at an affordable price.
FAMILY COVERAGE
You can insure yourself, your spouse, your children, and dependent grandchildren.
COVERED AMOUNTS2
You can choose a Face Amount of the benefit, between $10,000 and $100,000.
FULL PORTABILITY
You can keep your coverage if you change jobs or retire.
NO BENEFIT REDUCTION
Benefits never decrease due to age.
NO COORDINATION OF BENEFITS
Benefit payments are made in addition to any other insurance you may have.
Accident Insurance
IMMEDIATE COVERAGE
Your coverage becomes effective as soon as your initial eligibility requirements are met, you have authorized payment, and your application is signed.
GUARANTEED ISSUE
No medical history is required for coverage to be issued.
GUARANTEED RENEWABLE
Your coverage cannot be canceled as long as your premiums are paid as due.
FULL PORTABILITY
You can keep your coverage at the same cost if you change jobs or retire.
Affordable Whole Life Insurance for MCU Members
The Family Security Plan® insurance options provide permanent coverage for the life of the insured, with affordable policies to help meet your financial needs. Get started with immediate coverage that won’t increase in cost over the life of your policy.
