Loan Protection Insurance
What is it?
Loan Protection Insurance is a Free* life assurance benefit we provide to all our eligible members to protect their Rathkeale & District Credit Union loans. Should a Member with an outstanding loan balance pass away or become totally and permanently disabled, the balance is repaid in full, subject to certain cover limits which may apply. This means that you can borrow from Rathkeale & District Credit Union in confidence that your dependants will not be obliged to repay the outstanding loan balance. *Terms & conditions apply.
Who is eligible?
Any credit union member is eligible for Loan Protection Insurance provided:
- You have not reached the age of 85 at the time of your death
- You are actively at work or able to carry out normal occupation duties at the time of your loan application
Who is covered on a Joint Account?
Only the first named party is covered by Loan Protection Insurance.
Email us or call 069 64444 for further information.