Increase your Premiums.....and maximise your Benefit
You can choose your own level of contribution, rising from a minimum of £4 per month, in £2 increments to the maximum (currently £70). A standard Management Charge (currently 50p per month) will be payable in addition to your premiums, and both are normally payable monthly by Direct Debit. Your daily sickness benefit will be increased to the same level as your new monthly contribution.
Members thinking of increasing contributions should bear in mind the effect of the Society's classifications:-
|AGE||CLASS||COMPOSITION OF BENEFIT|
|UNDER 35||A||1/4 Your fund and 3/4 Society funds|
|35 AND UNDER 45||B||1/3 Your fund and 2/3 Society funds|
|45 AND UNDER 50||C||1/2 Your fund and 1/2 Society funds|
|50 AND UNDER 69||D||2/3 Your fund and 1/3 Society funds|
Your existing contributions will remain at their current clasification levels: only the increased elements will be set to the appropriate classification for your age at the time of applying for the increase.
When considering applications for increase, we will take into account any previous sickness record and current medical condition. When granted, members will not be eligible for benefit at the increased level until six months have elapsed from the date of the first increased payment. Your Direct Debit will be amended to the new rate of contribution automatically and you will receive notification of this in writing.
You can apply to increase your contributions at any time within the above limits. If you would like to do this, simply download a form, complete and send it to us at:-
Schoolteachers Friendly Society , FREEPOST, 30 Mather Avenue, Liverpool L18 1BR.
Alternatively you can phone us for further details on 0151 724 1930