Unique to Credit Unions
Your loan attracts FREE Loan Protection Insurance!
Unlike other financial institutions this insurance is FREE to you.
Last Year nearly €600,000 in Life Savings and Loan Protection claims was paid out to our members.
While our insurance services do not relieve the emotional stress at this difficult time, they do go some way to relieve the financial stress.
Loan Protection Insurance is designed to clear your loan in the event of death (terms and conditions apply).
You can borrow in confidence knowing that your family will not have to repay any outstanding loan balance (up to certain limits) in the event of your death.
Loan Protection Insurance is unique to credit unions and unlike other financial institutions is provided free of charge to eligible members.
ECCU are the underwriters of Loan Protection Insurance.
All members’ loans (up to age 80) are automatically eligible for loan protection insurance.
Unique to borrowing with your credit union is the peace of mind of knowing your family will not have to repay any outstanding loan balance (up to certain limits) in the event of your death.
Cara Credit Union’s Loan Protection Insurance has specific criteria to ensure eligibility and determine the full scope of coverage. In some cases, additional information may be required. Contact us for further details on 066 712 2373.
In the event of Death
To make a claim please provide Cara Credit union with a copy of the Death Certificate. If a Nomination is in place, monies will be paid out as requested in the Nomination.
If a Nomination is not available please provide 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 3 insurance services; Life Savings Insurance, Loan Protection Insurance and Death Benefit Insurance.
For further information please contact Cara Credit Union on 066 712 2373
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