Loan Protection Insurance is the insurance cover the Credit Union provides on the lives of its borrowing members.

If a member, who is eligible for insurance coverage and has signed the promissory note dies with a loan outstanding, the loan balance is paid in full by the insurer.

You will be informed at the time of the loan application if your loan exceeds the amount covered by the credit unions policy. Under the basic policy, death cover ceases on the member's 70th birthday.

Life Savings Insurance is the life insurance cover the Credit Union provides for its eligible members as an additional incentive for them to save regularly.

The amount of insurance benefit to which a member is entitled is in proportion to the amount of savings the member has, and cover depends on the members age.