Who underwrites CUMIS insurance?

Co-operators Life Insurance Company
For purposes of individual life insurance, creditor group insurance and retirement services, Co-operators Life Insurance Company operates under the CUMIS brand.

What does CUMIS cover?

Payment protection for lines of credit We cover your revolving line of credit on a monthly basis in the event of total disability, critical illness or death. Life: Pays the outstanding balance up to $1,000,000 and up to age 75. If you apply for coverage after you turn 65, the maximum coverage is $100,000.

Who owns CUMIS insurance?

CUNA Mutual Investment CorporationCUMIS Insurance Society, Inc. / Parent organization

What does CUMIS stand for?

OUR ROOTS. Our story is your story. The CUNA Mutual Insurance Society, and its Canadian arm, CUMIS, was born out of a tragedy that highlighted the need for insurance protection for its operations. Known as the “Lesson of the Linesman,” the credit union member borrowed $250 just two days before his fatal accident.

How do I cancel my Cumis life insurance?

You can cancel your Insurance at any time by simply phoning CUMIS Life Insurance Company.

Can you cancel Cumis insurance?

Is Cumis owned by cooperators?

CUMIS is jointly owned by Co-operators Life Insurance Company (Co-operators Life) and Central 1 Credit Union. Credential Financial Inc. CUMIS offers an industry-leading suite of products and services backed by more than 70 years of dedication to Canadian credit unions and caisses populaires.

Is the cooperators a broker?

Co‑operators Financial Services Limited The Canadian holding company for all of The Co‑operators insurance, brokerage and investment management operations.

Who pays for Cumis counsel?

The California courts have developed a doctrine, called the Cumis Doctrine, as to when such a conflict requires the insurance company to provide and pay for separate counsel for your personal interest. This article shall discuss that doctrine.