Loan Protection Insurance
Loan Protection (which has no direct cost to you the member) is insurance cover provided by Lismore & Cappoquin through ECCU Assurance Co. Ltd.
Should an insured member die or become totally & permanently disabled for any occupation, the insurance cover provides that the loan is repaid in full. There are a few T&Cs but as they are age related they will be explained at time of loan application.
Members will be informed at time of loan application if loan exceeds the amount covered by ECCU’s policy. Lismore & Cappoquin Credit Union have gone the extra mile and provides insurance (if eligible) to members up to age of 84years.
Disability cover ends at age 64 years.