Death Benefit Insurance

All eligible members of Douglas Credit Union can apply for insurance covered under our Death Benefit Insurance Policy. This means in the event of your death, a lump sum of €2,600 will be paid to your family to help with the cost of funeral expenses, thereby easing the financial burden of bereavement.

Eligibility for Death Benefit Insurance:

• You are a member of Douglas Credit Union
• Only Adult members are eligible (18+)
• You joined before the age of 70
• You have a minimum of €200 in your Savings Account at the date of death

What is Death Benefit Insurance?

Your savings attracts €2,600 towards funeral expenses and is payable in the event of your death.

The annual premium is paid by Douglas Credit Union at the moment as a member benefit.

The Board reserves the right to charge for this benefit in the future.

How to Claim This Insurance:

Next of Kin must contact Douglas Credit Union, to inform us of the death.

Once you have the following items, please contact us to arrange an appointment to speak to a dedicated member of staff:

• Original Death Certificate
• Member's Credit Union Passbook/Statement
• Funeral Director's Bill

How long does it take to complete the claim?

Each claim is different. Once all the documents have been provided, the process takes in the region of 6 weeks. Once we are in receipt of the insurance, we will contact the relevant nominated party/parties.

For further information please contact Douglas Credit Union on 021 489 4555 or info@douglascu.ie