What is Life Saving Insurance?

Life Saving Insurance

To make a claim please provide Ballina Credit union with a Death Certificate & details of the Solicitor handling the member’s estate the original Will (if applicable).

Please note just one original Death Certificate is required to claim for all insurance services; Life Savings Insurance, Loan Protection Insurance.

For further information please contact Ballina Credit Union on 096 71066.

Up to Age 55

100% of insurable savings balance up to €5,000

Aged between 55 - 60

75% of insurable savings balance that is held on date of death

Aged between 60 – 65

50% of insurable savings balance that is held on date of death

Aged between 65 – 70

25% of insurable savings balance that is held on date of death

Over 70

25% of the lowest savings balance from the age of 70 years to death

Find out more about Life Savings Insurance

To make a claim please provide Ballina Credit union with a Death Certificate & details of the Solicitor handling the member’s estate and a copy of the Will (if applicable).

Please note just one copy of the Death Certificate is required to claim for all insurance services; Life Savings Insurance, Loan Protection Insurance.

For further information please contact Ballina Credit Union on 096 71066.

To be eligible you must be a Ballina Credit Union member before your 70th Birthday, be actively at work, or if not working, be in good health.

Other terms and conditions may apply.

The amount insured will depend on the age at which you joined, your age at date of death and how much you saved with Ballina Credit Union over the years.

Withdrawal of Shares will impact on the amount of Life Insurance Cover received. Where possible, we would encourage members aged 55 years and over to borrow on the strength of their savings and not to withdraw from Shares.

If you would like more information please contact Ballina Credit Union today.

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