Benefits of Members First Community Cooperative

Topics: Life insurance, Insurance, Investment Pages: 3 (1013 words) Published: April 20, 2015
 857-2119 / 71-27-30

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BENEFITS OF MEMBERS
BENEFITS FOR A RECOGNIZED MEMBER

The member shall make a monthly contribution of EIGHTY PESOS (PhP80.00) to FICCO Mutual Benefit Association (FICCO MBA), Inc. for protection against loss due to death or total and permanent disability. The Life Insurance Benefit covers the member and the member’s legal dependents.

If married, the member’s legal dependents include:
the member’s legal spouse,
three (3) single and biological and/or legally adopted children at least two (2) weeks old but not more than twenty-one (21) years old
and three (3) biological children over twenty-one (21) years old, single, who are disabled and incapacitated to work.
If single and without biological children, the member’s legal dependents include:

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the member’s biological parents less than sixty (60) and when both parents are already dead,
one of his/her younger brother or sister who is still single and not more than 21 years old or more than 21 years old but disabled and incapacitated will be his/her dependent. If a member is single (unmarried) but with children, the member’s legal dependents are:

three (3) single and biological and/or legally adopted children at least two (2) weeks old and three (3) biological children over twenty-one (21) years old, single, who are disabled and incapacitated to work.

LIFE INSURANCE BENEFITS
MEMBERSHIP
THREE (3)
MONTHS OR

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but not more than twenty-one (21) years old

LENGTH OF

Globe G-Cash

CAUSE OF DEATH OR TOTAL
AND PERMANENT

MEMBER

DISABILITY (TPD)
Due to Natural Death or Preexisting Condition

2,500.00

LEGAL
DEPENDENTS

None

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