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Home Forums Annual General Meeting 2021 Q&A Deceased Accounts

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    Q: When I die what will happen to my funds?

    A: Unencumbered Shares in Account – the Beneficiary is entitled for a maximum withdrawal of $50,000. Any funds in excess must be accessed via Letters of Administration. Family Indemnity Plan Claim – the claim once settled will go to the Member’s next of kin / beneficiary.

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