As a member you will receive our free life cover benefit on your savings, up to your 65th birthday and loan cover up to your 70th birthday.

We hope this will never be needed but is there to help ensure the peace of mind for your loved ones in the event of your death. They won’t be left with any Credit Union debt and may have some additional money to help them through a difficult time.

Savings – As a member you will receive our free life cover benefit on your savings up to your 65th birthday.

– Your savings balance may be matched £ for £* (doubled) and up to a maximum claim balance of £10,000**.

– This savings balance will then be paid to your nominee to the extent that the law permits (up to £5,000 before we need to ask for further information).

Loans – As a member you will receive our free loan protection benefit on your loan, up to your 70th birthday.

– Loan balance(s) may be matched £ for £* (cleared), up to a maximum claim balance of £20,000**. This means there is no Credit Union debt left for your family to deal with.

These benefits are free to you as a member, and hopefully will provide your family with some peace of mind and financial help during a difficult time.

**Policy terms and conditions apply, please contact us for full details.

If you do not make a nomination, any monies will be paid to a legal will beneficiary or to the estate executor. If your nominee is under 18 years of age, please be aware that we may be required to hold these monies in Trust until they are of age – you should seek legal advice regarding this.

Your nomination does not replace the need for a Will; we encourage our members to have a will in place. This nomination is not revocable or variable by your will (cannot be changed by the terms of your will).

You can nominate more than one person and nominations may be changed at any time. Your nomination may also be altered or revoked by law if you get married/remarried or enter a civil partnership. In these circumstances, we invite you to re-confirm or make a new nomination.