Kilkeel Credit Union also offers all eligible members insurance services. Some of these insurance services are paid for directly by the credit union and others are paid directly by the member.
Life Savings Insurance
Life Savings insurance is the life insurance cover which credit unions provide for all eligible members as an additional incentive to save regularly and maintain savings with the credit union.The insurance is underwritten by credit unions’ own insurance company, ECCU Assurance DAC and is paid for by credit unions.There is no direct cost to credit union members for this valuable benefit.
Loan Protection Insurance
Loan Protection Insurance is the cover your credit union provides for eligible members with credit union loans. The premium for this insurance is paid by the credit union.
Death Benefit Insurance
No one likes to think about death, be it your own or that of a loved one, but the simple fact is a bereavement can result in very significant expenses and financial worries for loved ones, at a difficult time. Your credit union cares about its members and may provide a service called Death Benefit Insurance (DBI) to help pay for these expenses.