Golden Harvest Savings Plan
Saving money is difficult. You know that if you put a little money aside every month, bit-by-bit, little by little, your savings will grow and blossom into a nice lump sum. A lump sum you can use to do things like send your child to a good school or college, pay down on a house, buy a car, retire, travel etc. That's why The Golden Harvest Savings Plan, offered by CUNA Mutual Insurance Society through COK, can help harvest those goals and dreams for you.
The Golden Harvest Savings Plan is a savings and insurance plan designed specifically for credit union members. If you are between 15 and 69 years old, you may agree to contract with the credit union to make regular monthly deposits for a specific number of years. This savings instrument offers you a guaranteed interest rate for the duration of your plan.
In the event of death or permanent disability, COK will pay appropriate benefits to your beneficiary. The insurance benefit payable upon death or permanent disability is your desired goal. For example, if you die after you have deposited $8,000 and your savings goal is $100,000, the total amount payable to your beneficiary is $100,000.
Premium and Coverage Term
With the Golden Harvest Savings Plan, insurance costs you nothing unless you break the contract.