Death Benefit Insurance
Give yourself peace of mind
In addition to Loan Protection/Life Savings Insurance, Coalisland Credit Union also offers the member special Death Benefit Insurance (DBI) cover.
Death Benefit Insurance gives members and their families added security and relief from financial worry especially at the time of bereavement. An insurance payment of £2,000 is paid out towards funeral expenses. Juvenile members are also covered by this insurance.
Coalisland Credit Union only pay Death Benefit Insurance on receipt of (a) The members Death Certificate and (b) Original Funeral Invoice. The insurance is paid to the person who paid the funeral bill and who has been invoiced accordingly.
Eligibility:
- Member joined the credit union before age 70 in good health or while actively and regularly carrying out their normal occupation or duties and,
- Has continued to be a member of the credit union and maintain the minimum amount of savings in their account as required by the credit union for inclusion in DBI, i.e. at no time has account balance been zero.
Terms and Conditions Apply.
To read more about our other free insurances unique to credit union members:
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