Life Savings and Loan Protection

Hoot Credit Union Offers Free Life Insurance On Your Savings And On Your Loans*

Life Savings Protection

Savings insurance has been designed to make the lives of families and next of kin easier in the event of death. A lump sum on bereavement can help towards funeral costs or could be left as a legacy for a loved one. It provides the member’s family with a single lump sum payment to cover end of life expenses, in the event of the member’s death.

Loan Protection

When you take out a loan with us you also get free Loan Protection providing, complete peace of mind for you by ensuring that the debt dies with the debtor.. If you were to die before your credit union loan is repaid, this protection can help towards settling the debt, so that it is not passed on to your loved ones.

This free benefit to members will not take away the pain but it will certainly help with the financial strain of bereavement.

Download our leaflet for more information.

* Subject to terms and conditions. Cover limits and certain restrictions apply based on savings balance and on age at death or age when savings were made. Individual limits and restrictions may also vary over time.

In association with CMutual Group Limited
CMutual Group Limited is authorised and regulated by the Financial Conduct Authority.