The Family Indemnity Plan provides final expense coverage which eases the financial burden on your loved ones during their time of mourning. Plan ahead for peace of mind and protect your family financially, even beyond life. Our end-of-life coverage provides a death benefit to cover any immediate needs. You can even use it to create a lasting legacy for someone special. The possibilities are endless, and you decide how it best supports your family during their time of grief.
“Did you know that within the last 15 years the average cost of a funeral increased from $6,500 to $30,000?”
How we can support you
Generous coverage options:
Flexible plan options with up to $100,000 in coverage to use as you see fit.
Secure lifetime coverage:
Enjoy lifetime coverage as long as you enroll before age 76.
The Family Indemnity Plan
It pays for final expenses for up to nine family members.
Easy Enrollment
No medical exam required and you select the plan that suits your budget.
Guaranteed benefit payout:
You are eligible to receive the full benefit (per person) when valid claims are made.
Terminal Illness Coverage
If you or a covered family member are diagnosed with a terminal illness.
Accidental Death Coverage
An additional amount which is equal to your Death Benefit should you die as a result of an accident.
Who’s covered under this?
Your spouse or significant other
Any combination of up to two people from your parents or parents-in-in law can enroll before age 76
Your children (biological, step-children or those under legal guardianship aged 1 to 25 and who are not yet married)
Children who are permanently disabled are covered for the duration of their lives once they are enrolled before age 26.
You decide what’s right for you
When selecting a plan, it’s important to take into consideration the different types of expenses your loved ones will encounter during a time of mourning. This will guide your plan selection and will ensure that you have adequate coverage when they need it most. Once you select the plan that’s right for you, you can decide which of your eligible family members you would like to include on the plan.
We’re ready when you are: If you are 18 to 75 years of age, click now to get a final expense insurance quote OR send us your contact information to connect with a representative for further guidance.
What you can expect to invest
Effective June 1, 2025
| Plan options | Monthly premium | Individual benefit |
|---|---|---|
| Plan A | $63.40 | $10,000 |
| Plan B | $95.10 | $15,000 |
| Plan C | $126.80 | $20,000 |
| Plan D | $190.20 | $30,000 |
| Plan E | $253.60 | $40,000 |
| Plan F | $412.10 | $65,000 |
| Plan G | $634.00 | $100,000 |
Terms and Conditions apply
We’re ready when you are
If you are 18 to 75 years of age, click now to get a final expense insurance quote OR send us your contact information to connect with a representative for further guidance.
Contact Us
Frequently Asked Questions
In contrast, final expense insurance offers a type of “whole” life coverage that lasts a lifetime once premiums are paid; it also does not require a medical exam to qualify for coverage.
When a person enrolls or is enrolled in the Family Indemnity Plan before they attain the age of 76, they will have lifetime coverage for final expenses. Disabled children that are enrolled into the FIP before age 26 receive lifetime coverage.
Once you submit the completed claim form along with the supporting documents required for review specific to your claim, the benefit will be paid out within a week. This ensures that final expenses can be covered promptly, easing the financial burden on your loved ones.
The cost of a funeral can vary significantly. In 2012, funerals typically ranged from 4,000 to 6,500. Today, the cost has risen significantly, with funerals typically costing between $25,000 – $30,000 some even reaching $40,000 or more – depending on special requests by the family such as live streaming facilities. Factors such as the COVID-19 pandemic have also contributed to increased costs. Many people do not have this kind of money readily available. CUNA Caribbean’s Family Indemnity Plan serves as a financial cushion, greatly reducing the financial shock of these expenses and other immediate end-of life expenses that persons encounter when a loved one passes away.
A final expense insurance benefit is specifically designed to cover funeral costs and other immediate end-of-life expenses a family will encounter after someone passes away – effectively alleviating the financial burden on your loved ones at a difficult time. Once the funds are disbursed, your beneficiary has the flexibility to use the money as they see fit. While there is no guarantee that the beneficiary will use the funds for this purpose, we recommend that when identifying a beneficiary, choose someone that you trust and be sure to share with them your final wishes regarding how you will like the funds to be used.