TECU Members’ Group Life Plan
TECU Member’s Group Life Plan can be accessed upon becoming a member of TECU Credit Union. It is a crucial financial safeguard that ensures individuals have a designated amount of coverage to provide financial support to their beneficiaries in the event of their passing.
TECU Member’s Group Life Plan not only provides a sense of security for individuals and their families but also serves as a responsible financial planning tool to address the financial implications associated with an unexpected loss. The coverage amount is predetermined, offering peace of mind that loved ones will be provided for during challenging times.
Group Plan underwriters
This plan is underwritten by Guardian Group, a highly reputable provider committed to ensuring quality coverage and service to TECU members.
Benefits and premiums
The Benefit Sum and Annual Premiums under TECU’s Group Life Plan is as follows:
| Ages | Type of Coverage | Coverage | Rates (per annum) |
|---|---|---|---|
| 1-10 | Life | $ 12,000.00 | $ 118.08 |
| 11-17 | Life | $ 16,500.00 | $ 162.36 |
| 18-44 | Life / AD & D* | $ 39,500.00 | $ 549.84 |
| 45-64 | Life / AD & D* | $ 39,500.00 | $ 568.80 |
| 65-74 | Life | $ 35,000.00 | $ 478.80 |
| 75 and over | Life | $ 35,000.00 | $ 478.80 |
*Accidental Death & Dismemberment
