Death Benefit Insurance
Death Benefit Insurance
All eligible members of Moyola & Toome Credit Union Limited can be covered under our Death Benefit Insurance Policy by paying the premium which this year 2025 is £28.80. This means in the event of your death, a lump sum of £2,000 will be paid to help with the cost of funeral expenses, thereby easing the financial burden of bereavement.
To qualify for death benefit insurance:
- You must be over 16 years of age
- Joined Moyola & Toome Credit Union Limited before 70 years of age
- Remained a member of Moyola & Toome Credit Union Limited
- Are or have been eligible for cover under the Life Savings Policy
- You must have at least £205.00 in savings at all times
Please speak to one of our staff members if you have any questions in relation to our Insurance policies for members.
