example

Mrs Murphy had total savings of £5,900 when she died and a loan of £3,200. As her loan was covered by insurance it was cleared on her death. She was also covered by Death Benefit Insurance (DBI). .

On her nomination card Mrs Murphy requested that her Credit Union savings be paid to her husband in the event of her death.

The amount of money received by Mr Murphy can be broken down as follows:

Mrs Murphy Saved	Savings and Insurance Combined
£3,600 before the age of 55	Worth £7,200 when insurance included
£1,200 during the ages of 55-59	Worth £2,100 when insurance included
£700 during the ages of 60-64	Worth £1,050 when insurance included
£400 during the ages of 65-69	Worth £500 when insurance included
DBI Premium Paid	£1,500
Total Savings £5,900	Total Payout £12,350*

* Mrs Murphy made no withdrawals from her savings, if she had the value of her insurance would have been affected.

insurance on loans	death benefit insurance	house and car insurance
see how you can insure yourself for you loan repayments Click Here	in the event of your death see how our death benefit insurance covers your loan Click Here	we can now offer our members even more protection with home and car insurance Click Here

example

insurance on loans

death benefit insurance

house and car insurance

see how you can insure yourself for you loan repayments Click Here

in the event of your death see how our death benefit insurance covers your loan Click Here

we can now offer our members even more protection with home and car insurance Click Here

see how you can insure yourself for you loan repayments
Click Here

in the event of your death see how our death benefit insurance covers your loan
Click Here