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Loan Protection and Life Savings cover |
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Dalmuir Credit Union provides at no extra cost to the member, life insurance against your shares and loan
protection when you have a loan outstanding to the credit union.
The net effect of the insurance cover is that your next of kin incur no liability for your oustanding loan,
subject to pre-condition limitation. An additional sum is paid in life insurance to your beneficiary, this varies with
age and is based on the continuity of savings, and again coverage is subject to pre-condition limitations.
To age 64 £1 for every £1 saved
65 - 79 25p for every £1 saved
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Family Protection Plan
Dalmuir Credit Union is also pleased to offer members the Family Protection Plan, which can protect the
member and up to five members of their family under one policy. The cash benefit paid by the policy provides an
immediate financial support when your family is most in need. The best part is there are no restrictions on how you
use the cash benefit.
The Family Protection Plan allows parents to enroll unmarried children up to the age of 26. If the
child is disabled, he or she can be covered for life, as long as they've enrolled prior to their 26th birthday. The
plan also allows members to cover two parents under the age of 70 at time of enrollment. The best part of the plan is
that there are no medicals required but there will be a six-month waiting period.
Four coverage options are offered allowing you to choose the coverage that best fits your needs and family
situation.
Authorised & Regulated by the Financial Services Authority
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