Death Benefit Insurance

No one likes to think about death, be it your own or that of a loved one, but the simple fact is a bereavement can result in very significant expenses and financial worries for loved ones, at a difficult time. Clonmel Credit Union cares about its members and provides a service called Death Benefit Insurance (DBI) to help pay for these expenses.

We pay a fixed lump sum of $2,600 in the event of death, at no cost to our members.

Coverage & Eligibility

You can be included for DBI if:

• You have joined Clonmel Credit Union before age 70 in good health or while carrying out your normal occupation or duties and,
• You maintain the minimum amount of $10 in your shares account.

Note that only the first member named on a joint account is covered by DBI. The second named person on a joint account can have a single account in their own name and be covered that way.

Once you are included for DBI you will continue to be insured as long as you remain a member of the Clonmel Credit Union

We offer many services aimed at improving access to financial services and encouraging financial inclusion.