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The amount of your insurance is based on the insured balance of your
share savings account on the date of death, and how old you were on the
date of each deposit that makes up that balance as follows:
If your age on the date of
an insured deposit was: |
The amount of your insurance is equal to:
|
| 0-6 months |
25% of that insured deposit |
| 6 months thru 54 years |
100% of that insured deposit |
| 55 years thru 59 years |
75% of that insured deposit |
| 60 years thru 64 years |
50% of that insured deposit |
| 65 years thru 69 years |
25% of that insured deposit |
| 70 years or older |
0% of that insured deposit |
Please note your insurance is based on your age on the date of each
deposit for which you are insured and does not decrease, as you grow
older. Withdrawal of savings will be on a last-in/first-out basis.
The insured portion of your savings balance may not exceed $3,000.
All deposit account other than your regular share account, are not
insured. Share account balances less that $1,000 are not insured.
There is no extra cost for this benefit. Please
Contact
us for more information on this special benefit.
Group Benefits Through American Income Life
- No cost $1,000 accidental death and dismemberment benefit for each
member over the age of 18.
- No cost co-health membership card providing discounts on vision
care, chiropractic, prescription drugs, and hearing aids.
- Family information guide and social security statement.
- Various low cost life, health, and disability programs. Costs
range from $1.00 to $6.00 per week.
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