FAQS

• Question - Can you open a joint account at RHAND?
  
• Question - Who is eligible to join?
  
• Question - Can a non-member open a RHANDeposit?
  
• Question - What services does RHAND offer to members?
  
• Question - What is the Family Indemnity Plan?
  
• Question - Who are the eligible family members covered?
  
• Question - How much does the plan cost?
  
• Question - Is the premium payment per person?
  
• Question - Does one benefit amount cover the entire family?
  
• Question - Can I increase my benefit?
  
• Question - Can I decrease my plan?
  

Question - Can you open a joint account at RHAND?
Answer - Yes, RHAND Credit Union does facilitate joint accounts. This facility is only applicable to the RHANDeposit product.

Question - Who is eligible to join?
Answer - Anyone over the age of eighteen can join RHAND Credit Union.

Question - Can a non-member open a RHANDeposit?
Answer - Yes, a non RHAND member can open a RHANDeposit. You can read more about RHANDeposits under the PRODUCTS AND SERVICES link.

Question - What services does RHAND offer to members?
Answer - RHAND Credit Union offers a wide array of products and services to members. You can read more about all of them by going to the PRODUCTS AND SERVICES link.

Question - What is the Family Indemnity Plan?
Answer - The Family Indemnity Plan(F.I.P.) is a Final Expenses plan associated with funeral expenses that covers you, the member and five(5) members of your family.

Question - Who are the eligible family members covered?
Answer -

• The member (up to age 76 years)
• Member’s spouse or significant other (up to 76 years)
• Significant other – a person of the opposite sex who lives with the member and is considered to be the Insured’s common-law spouse.
• Unmarried dependants between the ages 1- 25 years (biological or non-biological)
• Member’s parents or spouse’s parents (up to 76 years)
• All adults (not dependants) need to join the plan before reaching age 76.

Question - How much does the plan cost?
Answer - Choose the plan that best suits you.

Plans	Premium	Benefit
PLAN A	$48 monthly	$10,000
PLAN B	$72 monthly	$15,000
PLAN C	$96 monthly	$20,000
PLAN D	$144 monthly	$30,000

Question - Is the premium payment per person?
Answer - No. One premium payment covers a minimum of 1 to a maximum of 6 persons.

Question - Does one benefit amount cover the entire family?
Answer - No. Each family member would have a benefit based on the plan selected.

Question - Can I increase my benefit?
Answer - Yes, you can increase your benefit. However, there is a six (6) month waiting period for a higher limit. If death occurs within the six (6) month period the lower benefit will be paid except in the case of an accident.

Question - Can I decrease my plan?
Answer - No. You must cancel your current plan and re-enroll with the six(6) month period applicable.