Discover the benefits of Share Insurance
This is a life assurance product provided by the Credit Union at no direct cost to the member - in the event of the member's death, all savings up to €3,000 are doubled. This is provided the savings were made before the members 55th birthday and the balance in the account never falls below this amount thereafter.
If the maximum insurable amount is not saved before the members 55th birthday, then any amount saved below this amount will be doubled and amounts saved after the 55th birthday (up to a maximum of €3,000) will be at a reduced rate.
|Life Savings Cover Table|
|Under 55 years of age||100% cover|
|Between 55 & 60 years of age||75% cover|
|Between 60 & 65 years of age||50% cover|
|Between 65 & 70 years of age||25% cover|
|After 70 years of age||No cover|
*Subject to policy terms and conditions. Generally, the full value of the member's shares is considered for the calculation of cover.