Loan Insurance
One of the benefits to joining St. Joseph’s Irish Airports & Aviation Credit Union is that all members get loan protection insurance for free*.
This means that, in the case of the death of a member, their outstanding loan would be paid off by the insurance.
There are a few important elements to this insurance:
- The insurance benefit payable is the amount of the member’s outstanding loan balance, subject to certain restrictions on balance limits, loan and interest balances.
- Cover ceases on the member’s 80th birthday.
* Subject to policy terms and conditions
