Life Insurance

Life Insurance is available to members free of charge and is based on your savings (like all insurance cover, this is age-related and certain pre-conditions apply).

In the event of a member's death, the additional amount of money paid out at different ages is as follows:

  • 16 - 64: The insurance company will pay out an additional sum equivalent to 100% of the member's savings.
  • 65 - 79: The insurance company will pay out an additional sum equivalent to 25% of the member's savings.
  • 80+:  No additional sum is paid out.
The insurance company is CUNA Mutual Insurance Group, which provides the international Credit Union movement with insurance.