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