Group Term Life Insurance
As a parent, it’s natural for you to worry about your children and make decisions that will safeguard their futures. To help you protect your family’s financial well-being, State Employees’ Credit Union has partnered with SECU Life Insurance Company (SECU Life) to offer FAT CAT account holders $1,000 of group term life insurance coverage at no cost to you. Other features of this coverage include:
- When you open a new FAT CAT account you can increase this coverage to $10,000 for only $18.00 per year1
- When your child reaches age 20, they can convert this coverage to a $10,000 whole life insurance policy through SECU Life regardless of health2
- To simplify and expedite the claims process, there are no beneficiary designations and all claim proceeds are made payable to the estate of the FAT CAT account holder
You can learn more about this valuable coverage by reviewing the certificate of insurance or contacting your local branch.
2 Subject to terms and conditions outlined in the FAT CAT and Zard Group Term Life Certificate of Insurance.