Death Benefit Insurance
With effect from January 2004 all eligible members of the Credit Union will be covered by its FREE Death Benefit Insurance Policy. This means you no longer have to pay an annual premium for the service and in the event of your death, a lump sum of €1000.00 will be paid to your family to help with the cost of funeral expenses, thereby easing the financial burden of bereavement. There are many good reasons for becoming a member of Roscrea Credit Union and with the escalating cost of funerals, this free service is really a must for everyone in the locality 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. Death Benefit Insurance won’t ease bereavement but it will go a long way towards easing the financial burden your death may place upon your family.
How it works & How much I’m covered for;
To qualify for death benefit insurance you must be a Roscrea Credit Union member and as a member you must have joined the Credit Union before your 70th birthday. As of the 1st of January 2017 a member must have a minimum of €100.00 at the time of death in their savings to be eligible for this insurance.
Nb! Level of cover is subject to change and is at the discretion of the Board Of Directors