CUNA Mutual Partners with Golden Charter to Provide Index Linked Funeral Protection to Families

Feb. 29, 2012 - PRLog -- Following recent partnerships with major players including the Co-operative and LV=, this pairing firmly cements CUNA Mutual as one of the foremost providers of Protection to the UK mutual sector.  

As specialists in low-cost and accessible insurance policies, CUNA Mutual has been selected to ensure that prospective customers can benefit from affordable, index-linked Protection for a funeral. The cover CUNA Mutual has developed for Golden Charter allows for the indexation of the policy in line with rising funeral costs, ensuring that all Funeral Director costs are guaranteed, regardless of the effect of future inflation. This new programme encourages consumers to consider funding funeral costs in advance and on a low cost monthly basis to avoid rising bills of up to £6,000 that some simply cannot afford.

Paul Walsh, CEO of CUNA Mutual Group says, “As families have been financially squeezed in recent years, it has become even more apparent that millions of UK consumers do not have adequate financial provision to protect themselves against life events, such as a loved one’s funeral. By partnering with Golden Charter, one of the largest operators in the funeral planning sector, we are ensuring that peace of mind and financial security is easily available to a greater number of families.”

Ronnie Wayte, Managing Director of Golden Charter says, “CUNA Mutual has a strong global track record in protecting their customers and providing quality insurance products so they are a natural partner for Golden Charter. We want to ensure that our member funeral directors can offer their customers the best quality cover to encourage families to consider funeral costs in advance so they are not left financially exposed.”


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Notes to editors::
CUNA Mutual Group
CUNA Mutual Europe launched in the UK in 1971 and has 50 years’ experience underwriting and administering financial solutions for Building Societies and other mutual organisations including Credit Unions. Since launching, CUNA Mutual Group has grown to become the current market leader in the supply of insurance products to Mutuals, with an annual turnover of $13 billion US Dollars.

CUNA Mutual Europe prides itself on providing simple and straightforward products and it aims to work with mutual partners to promote best practice in the insurance market. CUNA Mutual Europe products are available in both advised and non-advised variants, with training and ongoing account management support to complement the product offerings. All CUNA Mutual Europe products are supported with full ‘end to end’ intuitive systems, providing a fully compliant, simple and affordable customer journey.

CUNA Mutual Europe is part of CUNA Mutual Group, the worldwide leading provider of financial services to Mutuals, including Building Societies, Credit Unions, and Co-Operatives.

CUNA Mutual Group has over 10,000 mutual business partners worldwide. The company has amassed 75 years of expertise and understanding in the insurance market and operates in 38 countries worldwide. The Group has approximately 5,000 staff, 20 million members and has $20bn in assets, $5bn in revenues and $3.8m in claims paid out per day.

Golden Charter Limited
Golden Charter Limited is a non-profit making company specialising in pre-paid funeral plans and legal services for the mature market. Golden Charter is owned by an association of independent funeral directors with all surpluses going to support independent funeral directors or paid to the Golden Charter Trust to the benefit of plan holders and funeral directors.  Its funeral plans are accepted by more than 2,700 funeral directors across the UK. The company, which has been operating for more than 20 years, is based at Canniesburn Gate, 10 Canniesburn Drive, Bearsden, Glasgow, G61 1BF. It’s accepted as a registered provider by the Funeral Planning Authority, a founding member of the Funeral Planning Council and its funeral plans are the only ones accepted by the National Society of Allied and Independent Funeral Directors.