Death Benefit Insurance

• Members must join before their 70th Birthday
• The basic benefit is €1,000, payable on the death of the Member
• The Death Benefit Insurance is provided at no direct cost to you the Member
• Death Benefit Insurance (DBI) is designed to relieve the burden of bereavement costs

All eligible members of the Credit Union can apply for insurance covered under our Death Benefit Insurance Policy. This means in the event of your death, a lump sum of €1,000 will be paid to your family to help with the cost of funeral expenses, thereby easing the financial burden of bereavement.

Nobody enjoys talking or even thinking about their own mortality. However the simple fact is funerals are now extremely expensive and very few people realise the impact funeral bills will have on their lives. In recent years the average cost of a funeral has increased from €250 to over €3000. Death Benefit Insurance wont ease bereavement but it will go a way towards easing the financial burden your death may place upon your family.

To qualify for death benefit insurance you must be a Credit Union member and must have joined the Credit Union before your 70th birthday. You must also retain a minimum share balance of €200 at all times to be eligible.

We offer many services aimed at improving access to financial services and encouraging financial inclusion.