Loan Protection Insurance is a product designed to pay off any outstanding loan balance in the event of a member’s death at no direct cost to Members.
This cover means that the “debt dies with the debtor” and any savings which the member has will not require to be set against the outstanding loan balance.
Cover is provided for all eligible members’ loan balances up to £5,000 from age 18 to the member’s 80th birthday.
Conditions apply (for full information please speak to one of our volunteers).
Our Loan Protection Insurance is a unique value added benefit which gives you a level of additional cover you simply would not get with traditional banking institutions.