Life Savings Insurance

Is an additional incentive to save regularly and maintain savings with the CU. There is no direct cost to credit union members for this valuable benefit, with the amount paid out in death dependent on ones savings history with the credit union. E.g a maximum benefit if you save before the age of 55 which decreases in 5 year increments to no insurance payable on amounts saved after your 70th birthday. So an eligible member who aged 54 (or earlier) saved €2,000/£2,000 stg in the CU passes away with this amt still in their account, an insurance benefit of €2,000 / £2,000  will be paid out on your death. This is subject to the eligibility terms and conditions and the credit union’s life savings cover limit, such as keeping the money in savings.