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Notice of Life Savings Insurance Limit

Life is full of unexpected twists and turns. And though we do our best to plan for the road ahead, we never know what’s around the corner. One great benefit of being a member with Member First Credit Union is FREE Life Savings Insurance cover.

 

This Free Life Saving Insurance Cover is provided by Member First Credit Union to all eligible members as an additional incentive to save regularly and maintain savings with the Credit Union. It means your dependents will receive a financial sum in the event of your death.

 

The amount of insurance benefit which an insurable member is entitled to is in direct proportion to their savings and their age. As of 1st July 2018 the maximum life savings insurance benefit payable that a member may be entitled to will reduce from €12,700 to €5,000.

 

Member First Credit Union is a safe, strong and secure financial institution and we have always adapted our business over the years to ensure we remain in this position. This change in limit is simply one more adjustment to ensure we are prepared for the changing financial landscape we operate in.

 

For more information on this FREE Life Insurance Benefit please click here

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