Life Savings Protection
One of the added benefits of saving with a credit union is our free Life Savings Protection.
This cover means your nominated beneficiary would receive a lump sum payment in the event of your death.
Currently, the value of free life cover is £2,000. The cover will:
- Match the value of your savings if you are aged between 16 and 54
- Pay 75% of the value of your savings if you are aged between 55-59
- Pay 50% of the value of your savings if you are aged between 60-64
- Pay 25% of the value of your savings if you are aged between 65-69
- The cover is available from the age of 16 and ceases on your 70th birthday.
The insurance cover is provided by the Cuna Mutual Group. Terms and conditions apply. Please ask a member of staff for details.
Did you know we also provide free Loan Protection Insurance?