Life & Loan Insurance
FREE Life Insurance
BAG Credit Union offers free life insurance to our Members for both Savings and Loans, up to a maximum of £10,000 each.
- Savings Insurance: in the event of a Member's death, savings held with us is covered with free life insurance, up to double the savings value up to £10,000, to the member's nominated beneficiary included in the membership application.*
- Loans Insurance: in the event of a Member's death with an outstanding loan balance, the insurance cover will repay an outstanding loan up to the value of £7,500.*
*Terms and conditions apply for eligiblity to the insurance, including age and pre-existing health conditions. Please contact us for more information.