Life Savings Protection Insurance
Your savings are insured for life at no extra cost. Depending on your age and how much you have saved with your credit union over the years, this insurance could provide your dependants with up to €12,700 on your death
Upon the death of a member, the first €12,700 of their shares (savings) lodged before the age of 55 will be doubled.
Shares lodged by members over 55 years of age, are covered as follows
Lodged between ages 55-60 – 75%
Lodged between ages 60 – 65 – 50%
Lodged between ages 65 – 70 – 25%
Shares lodged after a members 70th birthday are not covered by this scheme
All these insurance costs are covered by the Credit Union.