Provide valuable life cover for members and their families with a tax-free lump sum payment at the end of the term. The policy also provides double benefit in the event of accidental death. An optional extra provides a tax-free lump sum on medical retirement and compulsory redundancy (after ten years). To date bonuses have been added each year they cannot be taken away once declared.
The Sickness Benefit Scheme provides income when you are off sick and valuable death cover is paid to your nominated person (the scheme is subject to conditions of membership).
If you are a policyholder of one-year standing you may be able to apply for a small loan. This service is used extensively for weddings, child education, or perhaps a holiday.
A tax-free savings plan with guaranteed growth for children up to age 16. It helps to give them a head start in life.
The Communication Workers Friendly Society only offers or makes recommendations in respect of its own products. (Financial Services Authority.)
Link to CWFS site.