Lurgan Credit Union provides valuable insurance benefits free to our members.
Life Savings Insurance and Loan Protection Insurance are valuable services provided by Credit Unions affiliated with the ILCU ( Irish league of credit unions).
The Loan Protection Insurance is designed to clear a loan balance remaining in the unfortunate event of a member’s death before age 80 or their total and permanent disability from any occupation before age 60.
Life savings insurance is designed to protect members while they save, and in the unfortunate event of a member’s death, it can pay a benefit to the person(s) nominated by the deceased member.
This service rewards eligible members for their ongoing supporting of their credit union and for saving with their credit union.
For an easy to understand explanation of these services,
please see the image below