Loan Protection Insurance

Services at Bruff Credit Union

Loan Protection Insurance is the insurance cover the Credit Union provides on the lives of its borrowing members at no extra cost to the member.

Should an insured borrower die, or (under most contracts) become totally and permanently disabled for any occupation, the insurance cover provides that the loan is repaid in full (Terms & Conditions apply). If a member who is eligible for insurance cover and has signed the credit agreement dies with a loan outstanding, the loan balance is paid in full by the insurer.


When borrowing from your credit union, a member is eligible for cover if:

  • they have not reached their 85th birthday.
  • the borrower can confirm they can actively and regularly perform all the usual duties of their occupation and further terms and conditions can apply. For larger loan amounts a medical questionnaire may be required.

You will be informed at the time of the loan application if your loan exceeds the amount covered by the credit unions policy. Under the Bruff Credit Union policy, death cover ceases on the members 85th birthday.

For more information on Loan Protection Insurance, please contact us 061 382111.