Loan Protection Insurance

 

Loan Protection Insurance

Sarsfield Credit Union takes out cover on the lives of eligible members who have loans with us.

This means that should a member with an outstanding loan die,  the balance is repaid in full, subject to terms & conditions.

To be eligible for LP:

  • The borrower has not reached their 85th Birthday ( Loan protection cover ceases on the 85th Birthday )
  • The borrower is actively at work or able to carry out normal occupational duties