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Life Assurance The Hibernian Society offers members up to $60,000 assurance cover (the maximum amount permitted under legislation governing friendly societies) at rates that are cheaper than most insurance companies. Members can get either a whole of life policy, where the amount of cover is paid out upon death, or endowment policies for five, 10 or 20 year terms. Endowment policies can also be provided that mature at age 60 or 65. When a policy has been in force for two years it acquires a surrender value. The policy owner is automatically entitled to borrow from the Society, against that policy, a sum not exceeding 90% of its cash surrender value. A Hibernian Society endowment policy is a perfect way to provide for children’s education, or for retirement travel. Investment Statement and Prospectus Copies of the most recent investment statement and prospectus are available from the Society's office.
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Hibernian Catholic Benefit Society |
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