The Golden Harvest is A unique, insured savings account specially designed for credit union members. It allows persons to save a pre-determined amount each month towards a specific goal set by the saver. This target can be up to J$3 Million and the saving period up to 10 years.

One of the major benefits of the Golden Harvest is that the savings goal is insured. In the event of the member's death, their beneficiary will receive the amount they had set as their savings goal, no matter the amount they have already saved, provided that all the terms of the contract had been met by the member. For example, if you contract to save to a goal of $200,000 and you die, your beneficiaries will recieve $200,000, even if you have only saved a portion of that goal. Other features of the Golden Harvest are:

  • No minimum savings goal
  • Open to members aged 16 to 69
  • Funds saved can be used as security for a loan
  • The interest rate is fixed for the life of the contract
  • Insurance premiums are free unless the contract is broken
  • Financial security in the event of death or permanent disability.

A Saving Protection Plan from CMFG Life Insurance Company

You are eligible to enroll in the Golden Harvest Savings Plan once you are a member of a credit union, or any of CMFG Life’s trusted Policy holders, and are between the ages of 15-65. Once you’ve signed up you’re ready to begin this long-term savings with decreasing term life insurance.

Once you’ve decided on the amount of money you’ve trying to save and the time within which you wish to do so, simply agree with your savings institution to make regular deposits of a set amount. Once you reach your savings goal, you can harvest the lump sum, and live out your dreams.


The Golden Harvest Saving Plan is designed for your financial success and protection, and your monthly deposits guarantee the achievement of your goals. Even if you’re no longer there you still want your child (ren) to go to university, or to have a beautiful wedding. You still want your loved ones to enjoy that house, or to be taken care of after retirement.

In the event that you become totally and permanently disabled, your savings institution will pay your total savings on your Golden Harvest Saving Plan account, plus insurance benefits, which equals your savings goal, to you, the account holder insured.

In the event of your death, your savings institution will pay your total savings on your Golden Harvest Savings Plan account, plus insurance benefits, which equal your savings goal, to your beneficiary. For example, if you die or become disabled after you have deposited $10, 000 towards your savings goal of $250,000, the total amount payable would be the full $250,000 (savings of $10,000 together with the insurance benefit of $240,000).