Unify Credit Union

 

Free Life Savings Insurance for Unify savers


Save with us and get free life savings insurance 

This means that, at your death, your beneficiary will receive your savings together with any insurance benefit and your loan could be paid off too (conditions apply).

As an adult member of Unify, you are automatically enrolled in this scheme and provide your beneficiary details at the time of joining.  Please remember to update the beneficiary should your circumstances change.

 

Percentage of insurance benefit on savings balance*.

 

Age of Member

Percent Insurable/ Balance Covered

16 – 64

100%

65 – 79

25%

80 or older

0%

 

Please note the insurance is based on your age at the time of the deposit to your account and not your age at the time of your death.

In cases where the value of shares is above £5,000 then payment will be made through the instruction of the legal Personal Representatives as given on the Grant of Probate, Letters of Administration or Grant of Confirmation.

 

This service is provided by the Cuna Mutual Group and further information can be found HERE

Cuna Mutual Group has been operating in the UK since 1979 providing insurance and financial services to credit unions and their members.  Their unique position allows them to provide cover whilst keeping the money in the credit union movement.

 

*terms and conditions apply

 For more information, get in touch: info@unifycu.org

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