Death Benefit Insurance 

Member First Credit Union are pleased to offer our Members a Death Benefit Insurance Program to assist with end of life expenses.In summary this Program will provide the following:

  •  €2,000 life assurance cover payable on your death;
  • Immediate cover – no medical – fixed

Participation in the Program costs €1 per week, payable in a lump sum in advance from your share account. As this is a community program all members pay the same cost regardless of age or gender, and all get the same level of cover.

Please be aware you must opt-in to this Program, enrolment is not automatic and you can do so by filling in your details below.

Once you join the Program you remain a member of the Program, which auto-renews on an annual basis, until such time as you choose to opt-out of the Program, or you stop paying the premium or your membership of the Credit Union ceases.

You can opt out of the program by completing the cancellation form which can be found online at www.mfcu.ie or in a local MFCU branch.

DBI

I wish to avail/opt-in of the Member Death Benefit Insurance Program as provided by Member First Credit Union, and arranged by CUNA Mutual Group Services (Ireland) Ltd.

 

I confirm that:

 

  • I am a member of Member First Credit Union and am eligible to join the Member Death Benefit Insurance Program;
  • I have read and understood the Key Facts and Program Summary as provided to me;
  • I will undertake to have sufficient funds in my share account to pay for the annual premium attaching to the provision of this insurance cover and my inclusion in the Program;
  • I understand that this is a Program that will auto-renew on an annual basis, and the attaching premium will be deducted from my share account on this basis;
  • I am also aware that the benefits and cost of this Program may be varied annually but I will be informed of any such changes or updates through the Credit Union’s AGM Booklet and from the Credit Union’s website mfcu.ie;
  • I understand that this Program is due to commence on 1st January 2018 and runs to 31st December 2018. Thereafter the Program, if renewed by the Insurer, will run for a calendar year at a time, the ongoing Program period.
  • Should I wish to opt-out or cancel my participation in the Member Death Benefit Insurance Program, I will inform the Credit Union in writing of my decision;
  • My understanding is that my participation in the Program will automatically stop should I cease to be a member of Member First Credit Union or if there are insufficient funds on my account to cover the annual cost of my premium;
  • I understand that the insurer can opt to terminate the Program and cover at the end of each Program period;

I confirm that the information I have provided to Member First Credit Union is correct and I provide my consent to this information being shared with CUNA Mutual and its insurers, for the purposes of my membership of the Member Death Benefit Insurance Program.

I confirm that I authorise Member First Credit Union to deduct the cost of my cover in the Program (the premium), which I acknowledge may be reviewed and/or changed annually, from my credit union share account.

I understand that if there are insufficient funds in my account to pay the annual premium, then my membership of the Member Death Benefit Insurance Program will lapse.

Member First Credit Union’s Member Death Benefit Insurance Policy is a group policy of the Credit Union and open to participation by members, subject to eligibility criteria outlined in the Key Facts and Program Summary available from the credit union or at www.mfcu.ie

This policy is arranged, on behalf of Member First Credit Union by Cuna Mutual Group Services (Ireland) Limited which is regulated by the Central Bank of Ireland.The policy is underwritten by Covea Life Ltd. which is authorised by the Prudential Regulation Authority of the UK and complies with the Central Bank of Ireland’s conduct of business rules in relation to the provision of this Member Death Benefit Insurance program.

For privacy terms please see Full Policy available from the Credit Union or at www.mfcu.ie

Member First Credit Union is regulated by the Central Bank of Ireland

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