WHAT IS THE LIFE SAVINGS INSURANCE PROGRAM?
This provides insurance based on the amount a member saves, up to a maximum of $3000. This insurance automatically matches the savings of the member with life insurance at no extra cost to the member. Ages 55 to 59 – 75 cents for each $1 60 to 64 – 50 cents for each $1 65 to 69 25 cents for each $1 A baby (if qualified ) would receive 25 cents insurance for each $1 deposited until age of six months and dollar for dollar coverage after that.
The life savings insurance program is an instrument that is aimed at securing your financial stability in the future by creating targeted savings, and providing support to your loved ones in hard times.
