Personal Insurance | Municipal Credit Union

What Does a Whole Life Insurance Policy Get You?

MCU’s partnership with The Family Security Plan® provides Whole Life Insurance that gives families complete coverage and a payout that can cover expenses like medical bills, funeral costs, and even regular household bills.

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The Family Security Plan®,
A Trusted Partner with MCU

For over 50 years, The Family Security Plan® has been connecting credit union families with high quality affordable insurance benefits that fit your lifestyle and budget. With MCU and The Family Security Plan® on your side, you can secure a bright future for your loved ones by making informed decisions about insurance!

At The Family Security Plan®, we know how crucial it is to protect your family and their financial well-being. That’s why we’ve built our comprehensive educational hub – a one stop resource for all your financial wellness needs!

Get expert guidance, pro tips, and valuable insights to empower you in securing your family’s future. Your journey starts HERE.

Through a partnership with The Family Security Plan®, we are pleased to offer members:

Whole Life Insurance

Secure your family’s future with permanent protection that never expires. Should you need cash for any purpose, you may borrow against the cash value in your life insurance policy.

Term Life Insurance

If your family is faced with the loss of you and your income, ease the financial burden with protection at an affordable price for a specific length of time.

Disability Insurance

In the event that you are unable to work due to a disabling injury or illness this is a convenient, affordable way to ensure you have income.

Critical Illness Insurance

Focus on getting better with a lump sum benefit paid directly to you upon the first diagnosis of a covered critical illness.*

Accident Insurance

Handle the medical and out of pocket costs that add up after a covered accidental injury with this benefit.

It’s quick and easy to get started.

Call us at 844-396-4136

or click for a free quote!

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FAQs

Get Answers to Our Most Frequently Asked Questions.

Will I lose coverage if I change jobs or leave work?

In insurance, “full portability” means you can keep your coverage at the same cost if you change jobs or retire, and MCU’s policies through TruStage^® are fully portable. You and your family can expect continued coverage and consistent rates.

What will my beneficiaries receive?

If you were to pass during the term of your policy, your beneficiaries would receive the value of the policy (also called a death benefit or face value of the policy). This payment is usually sent in full to your beneficiaries once the insurance claim is completed.

Do my premiums increase if I lose my job or miss a payment?

No, your premiums will not be affected by job loss or missed payments. However, your policy may lapse if you miss too many payments.

Can I add family members to my Whole Life Insurance plan?

Yes! Your spouse, for as little as $3 a week, your grandchildren and great-grandchildren, for $2 a week per child, and even your parents are all eligible for Whole Life Insurance.

What do my beneficiaries get out of my Whole Life Insurance?

Anyone named in your policy can use funds to help cover outstanding medical bills, mortgage payments, credit card balances and other debts. Your beneficiary(ies) can use the funds for any purpose (making up for lost income, paying for college, etc.).

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What Does a Whole Life Insurance Policy Get You?

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