Death Benefit Insurance
Malahide Credit Union provides a Death Benefit Insurance benefit at no extra cost to all adult members with more than €250 in savings and to all members aged 16 or under irrespective of their savings balance. This valuable benefit provides €1,300 to the next of kin of an eligible member in the event of his or her death.
It is intended to alleviate the considerable costs incurred by a member's family at a time of bereavement. In addition to the savings requirement already mentioned, to be eligible a member must have joined the credit union before his or her 70th birthday.
The Board of Directors reserves the right to amend the eligibility requirements and payment amount at any time.