- Location: #79 5th Avenue 1st Street North, Corozal Town, Belize
- Mail: sfxavier@btl.net
SFXCU under the Belize Credit Union League is regulated by the Central Bank of Belize and governed by an elected Board of Directors, Supervisory Committee and Credit Committee.
- 79 Corner th Ave. & 1st street North Corozal Town
- +501 422-2892/0075
- sfxavier@btl.net
Benefits
Womb to the Tomb Insurance
Qualifying member’s account must be debited the annual premium of $24.00 for two (2) consecutive years at the time of death. The member must always maintain a minimum balance of $124.00 in the shares account.
If the balance falls below $100.00 at any time during the year, the member is automatically disqualified from the funeral benefit unless balance is replaced before time of death. Member joined after 31st March of 2003 above 50 years of age only qualify for $2,000.00.
Benefits
Womb to the tomb Insurance
All other qualifying members receive $4,000.00 in the WTT Burial Scheme.
*To assist our member’s beneficiaries during their time of need SFXCU provides the qualifying amount to beneficiaries expeditiously once presented with the medical certificate, proof of identification and declaration form, if applicable.
How to Qualify?
This benefit provides crucial financial assistance and support to families during one of life’s most challenging moments—the loss of a loved one. For just $24.00 per year, active members can ensure their beneficiaries receive this help when most needed.
To Qualify:
* Members must maintain a minimum share balance of $100 before and after the $24 annual premium is deducted to qualify for the benefit.
* The womb to the tomb’s automatic deduction occurs annually on the 1st of July.
* Members who fall below the minimum balance can regain eligibility by restoring their shares balance to $100 or more and continuing with the $24.00 annual premium deduction.
* Members must have paid their annual premium 2 years consecutively at the time of their death.
* New members who join after March 31, 2003 after the age of 50 qualify for 50% of the benefit.
* The benefit payout is $4,000 for qualifying members, and $2,000 for members who opened their account at age 50 and older after March 2003.
Beneficiary Payments:
* Benefits will be paid to the beneficiaries designated by the member on the member’s SFXCU membership information.
* If the beneficiary cannot provide proof of funeral payment, SFXCU reserves the right to refund the funeral expenses to the person deemed to have covered the costs.
* Any remaining funds will be distributed to the designated beneficiary or the estate, as applicable.
Claim Requirements: To claim the benefit, beneficiaries must present the following:
* Death certificate or Medical Certificate with hospital stamp and medical practitioner’s signature.
* Social Security ID of the deceased and beneficiary.
* Passbook of the deceased.
* Other documents may be requested in the case of discrepancies with the Beneficiary’s Name or Date of Birth.