Death Benefit Insurance

All eligible members of the Credit Union can apply for Death Benefit Insurance (DBI). This means in the event of your death, a lump sum of €2,600 will be paid to the nominated person on your account 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 €3,000 to over €7,000. Death Benefit Insurance will not ease bereavement but it will go a long 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 with not less than €100 in shares and must have joined the Credit Union before your 70th birthday.