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Life & Savings Policy
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.
Sickness Benefit
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).
Loan Service
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.
Children's Plan
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.
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