Life and loan protection insurance
Life Savings Protection
A cash benefit on your savings
Saving with your credit union doesn’t just benefit you, it can also support your family when they need it most. With Life Savings Protection, your savings could provide a cash lump sum to help loved ones with funeral costs or as a small legacy.
At a difficult time, this financial support won’t ease the loss, but it can relieve some of the stress. It’s just one more way we look after our members and their families.To learn more, speak to a staff member today.
*Subject to terms and conditions. Cover limits vary and certain restrictions apply based on age and cover. Please ask at your Credit Union for more details about the individual limits and restrictions of Loan Protection.
Loan protection insurance
Protected loans to protect your loved ones
Your Credit Union loan is protected in the event of your death* – helping protect your family from the financial burden of bereavement.
When you take out a loan with us, you also get Loan Protection. If you were to die before your Credit Union loan is repaid, this protection can help towards settling the debt, so that it isn’t passed on to your loved ones.
This benefit is included at no extra cost to you as part of your Credit Union loan arrangement*. For once, peace of mind doesn’t cost the earth; it’s just another benefit of being a Credit Union member.
When you borrow from your credit union, you’re not just funding what matters to you—you’re also helping other members access fairer loans. With Loan Protection, you get added financial security, giving you and your family peace of mind. It’s a loan that works for you and benefits your community too.
*Subject to terms and conditions. Cover limits and certain restrictions apply based on savings balance and on age at death or age when savings were made. Individual limits and restrictions may also vary over time. Please ask at your Credit Union for more details about Life Savings Protection.
Insurance Partners
Life savings and Loan Protection is underwritten by Maiden Life Försäkrings AB, UK Branch (Firm Reference Number 464517, UK establishment number BR023675), authorised and regulated by the Prudential Regulation Authority and the Financial Conduct Authority. In association with CMutual Group Limited, which is authorised and regulated by the Financial Conduct Authority.
