Death Benefit Insurance
All eligible members of the credit union are covered by a Death Benefit Insurance. This means in the event of your death, a lump sum of €1,950 will be paid to your family to help with the cost of funeral expenses, thereby easing the financial burden of bereavement.
Nobody enjoys talking or even thinking about their own mortality. However the simple fact is funerals are now extremely expensive and very few people realise the impact funeral bills will have on their lives.
In recent years the average cost of a funeral has increased from €250 to over €3000. Death Benefit Insurance won’t ease bereavement but it will go a long way towards easing the financial burden your death may place upon your family.
To qualify for the Death Benefit Grant you must be a Credit Union member and must have joined the Credit Union before your 70th birthday.
- * Only full members are eligible for cover – so anyone with savings below the minimum membership (€10) is excluded from cover.
- * Only persons who have joined the Credit Union before the age of 70 are eligible for cover.
- * Only a natural person is covered – so club or business accounts are excluded.
If you require further clarification, please contact a member of staff.