Non Contributory Life Insurance

FREE LOAN PROTECTION

One of the major benefits of membership with the New Easterhouse Credit Union is that Loan Protection and Life Savings Insurance are provided FREE OF CHARGE to members over the age of 18 and under 80 years of age. New Easterhouse Credit Union covers the whole cost of this benefit to all members.

FREE LIFE SAVINGS INSURANCE

In the event of a member’s death, savings deposits made before the age of 65 are doubled and will be paid to members’ nominated beneficiary (e.g. £100 shares: £200 will be paid).

Please note that this insurance is subject to a six months pre-existing condition limitation. Maximum level of cover is £5,000 (e.g. £5,000 savings doubled to £10,000). Terms and Conditions apply; please contact the office for more information.

All deposits made before the age of 65 will benefit from this free cover no matter what the age of death.

For deposits made between the age of 65 – 79, members’ nominated beneficiary will receive 1.25 times their savings (e.g. £100: £125 will be paid)