LIFE INSURANCE
Coop Family Plan (CFP)
A rider of the Coop Loan Protection Plan (CLPP)
Provides additional protection to the cooperative members’ dependents
| Amount of Insurance (Php) | |||
| Benefits | Principal | Spouse | Children |
| Life Insurance | 15,000.00 | 15,000.00 | 15,000.00/Child |
| Accidental Death & Dismemberment | 15,000.00 | 15,000.00 | None |
| Cash Burial Benefit | 5,000.00 | 5,000.00 | 5,000.00/Child |
| Hospital Confinement Daily Benefit (Sickness or Accident) | 200.00/Day for 5 days of the current policy year | ||
| Weekly Indemnity for Loss of Income due to Accident | 5.00/1,000 coverage for 1 week of the current policy | None | |
| Annual Premium | 780.00 | ||
| Amount of Insurance (Php) | |||
| Face Amount | Annual | Semi-Annual | Quarterly |
| 15,000.00 | 780.00 | 405.60 | 206.70 |
| 20,000.00 | 1,040.00 | 540.80 | 275.60 |
| 25,000.00 | 1,300.00 | 676.00 | 344.50 |
| 30,000.00 | 1,560.00 | 811.20 | 413.40 |
| 35,000.00 | 1,820.00 | 946.40 | 482.30 |
| 40,000.00 | 2,080.00 | 1,081.60 | 551.20 |
| 45,000.00 | 2,340.00 | 1,216.80 | 620.10 |
| 50,000.00 | 2,600.00 | 1,352.00 | 689.00 |
| 55,000.00/td> | 2,860.00 | 1,487.20 | 757.90 |
| Amount of Insurance (Php) | |||
| Child’s Age at Death | Company’s Liability | ||
| Less than one year | 10% of the Sum Insured | ||
| One year or more, but less than two years/td> | 20% of the Sum Insured | ||
| Two years or more, but less than three years | 40% of the Sum Insured | ||
| Three years or more, but less than four years | 60% of the Sum Insured | ||
| Four years or more, but less than five years | 80% of the Sum Insured | ||
| Five years or more | 100% of the Sum Insured | ||