LPLS (Loan Protection Life Savings)
All members who join the credit union are automatically entitled to the benefits of our FREE life insurance and loan protection.
This benefit starts as soon as you join and make your first deposit with us or take out a loan.
Please see below for full coverage details.
Savings are insured as follows: 100% from 16 – 64 years
25% from 65 – 79 years
Loans are covered as follows: 100% from 18 – 74 years
All loans are fully insured until the age of 75. This means that in the event of your death, your family will not be burdened with having to repay any outstanding loan you may have.
Please note that terms and conditions do apply. Share withdrawals can also affect your free life insurance.
If you would like any further information or would like to discuss our free insurance, please call us on 01355 224771.