Death benefit insurance is insurance credit unions provide to their members to lighten the financial burden of bereavement. It provides for a lump sum payment of £1,500 towards funeral expenses.
Death Benefit Insurance is provided to eligible members of the Credit Union at no direct cost to the member provided the member maintains a minimum of £100 in savings.
Who is eligible for Death Benefit Insurance?
- Members who are over the age of 16 and before their 70th birthday
- Members who were in good health at the time of joining
- Members who remain a member of the Credit Union
