Free Life Cover
SAVINGS & LOANS COVER
We offer cover on your savings up to a maximum of £3000, yes this means we will match your savings up to the maximum in the event of your death. After this and if you have a loan, we will pay 100% of any difference between your loan and savings so that no one dies with a debt. The remainder will be paid to your next of kin. Please keep Next of Kin details up-to-date. To qualify; At time of death a member must have been saving regularly with the credit union for 2 years or more, joined before their 55th birthday and be up to 75 years. The extended age limit from 65 years to 75 years from April 2017 offers our long standing members something more than before. This cover is at the discretion of the Board of Directors and claims will be straightforward and administered by our Member Services Team.