Insurance

In the event of untimely death, members of Rugby Credit Union qualify for insurance relating to their loans or savings, subject to them not having any medical precondition.

Savings

If you die any savings will be returned to your dependents, as specified in the terms of your will, or in accordance with English law if there is no will. To this the Credit Union will add an equivalent amount for any savings made before age 65 and 25% of the savings made after 65 up to the age of 80. Put another way, this means the Credit Union will double your savings if you die before you are 65.

Loans

If you die, have an outstanding loan, and are under age 70, the loan will be cleared in full for amounts less than £2,500. Thus your dependents will not have the burden of clearing outstanding debts, up to those upper limits.