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Life Savings Insurance
Sarsfield CU pays out an additional amount in the event of a member’s death.
The amount paid out to an eligible member is in direct proportion to the savings and the age of a member.
Subject to the maximum benefit of €5,000, every euro you save before the age of 55 provides €1 euro of insurance.
LS calculation for savings over the age of 55, are calculated on a decreasing scale up to the members 70th birthday.
Once earned your insurance remains in force as long as you leave your savings in the Credit Union.
Withdrawals from savings may affect the final amount payable.
To be eligible for LS:
- You must have joined Sarsfield Credit Union before the age of 70.
- The borrower is actively at work or able to carry out normal occupational duties.
