Death Benefit Insurance

In addition to the cover under the Loan Protection and Life Savings insurance, €1,300 is payable on death – at no cost to the member. With the soaring cost of funeral arrangements, this is a valuable benefit.

A few conditions apply. The benefit is payable if the member was under 70 when joining the Credit Union and was in good health at the time. A member must have at least €30 in shares at the date of death to qualify, €5 for members under the age of 16.The benefit will be given to whoever in the opinion of the Credit Union has paid for the funeral expenses of the member.