Insurance
Life Savings Insurance
What is it?
Life Savings Insurance is an insurance benefit offered by B.C.U. to members depending on your age and the amount that you have saved with the Credit Union, Life Savings insurance could provide your dependants with the following:
In your share account every €1 you save:
| Age | Cover |
| Before 55 | Provides €1 of Insurance |
| 56-59 Inc | Provides 75c of Insurance |
| 60-64 Inc | Provides 50c of Insurance |
| 65-70 Inc | Provides 25c of Insurance |
| 70+ | No Insurance cover |
Example
You are 54 years of age with €1,000 saved in your account. Should you die at this age then an insurance benefit of €1,000 will be added to your savings.
Once earned, the insurance cover remains in force as long as you leave your savings in the Credit Union.
Withdrawals will affect the amount payable
The Life Savings Insurance premium is paid for by Ballinasloe Credit Union
* Terms and Conditions Apply