Death Benefit Insurance

At Kilcock Credit Union, we care about our members and their families. Part of that care includes providing Death Benefit Insurance (DBI) to help ease some of the financial burden associated with funeral expenses following the death of a qualifying member.

How does Death Benefit Insurance work?

DBI provides a €1,350 benefit towards funeral expenses following the death of a qualifying member. To qualify, the member must:

  • Have joined Kilcock Credit Union before the age of 70 and have been in good health when they joined.
  • Still be a member of Kilcock Credit Union at the date of death.
  • Have a minimum balance of €250 in shares at the date of death.

The DBI payment will normally be made directly to the funeral undertaker or to a family member who can provide evidence that funeral expenses have been paid or are due.

A benefit provided at no extra cost

Death Benefit Insurance is completely free to our members. The premium is paid by Kilcock Credit Union and is not passed on to members.

Following notification of a member's death, Kilcock Credit Union will submit a claim to our insurers. DBI is paid in conjunction with any applicable Life Savings Insurance Subject to the claim being in order and there being no issues requiring further information, claims are typically processed within a couple of weeks.