We offer a range of insurance products, many of which are free!
Free Loan Protection Insurance
Loan Protection Insurance is the insurance cover that Waterford Credit Union provides on the lives of eligible members to protect their Waterford Credit Union loans.
Who is eligible?
Any credit union member is eligible for Loan Protection Insurance provided:
- You have not reached the age of 85 at the time of your death
- You are actively at work or able to carry out normal occupation duties at the time of your loan application
Who is covered on a Joint Account?
In the case of a joint loan, both parties are covered by Loan Protection Insurance.
What are the benefits?
Should a member with an outstanding loan balance die, the balance is repaid in full, subject to certain cover limits which apply. Cover amounts will be explained at the time of your loan application. All loans balances up to €8,000 are automatically covered.