All loans with Newport Credit Union come with free life insurance.
Members are covered up to age 80 years on loans up to a limit of £10,000 over a 5 year term.
The insurance covers the balance of the outstanding loan at the date of the member's death, but it is subject to regular repayments having been made in accordance with the terms of the loan agreement.
All savings in the member's account will be passed to the nominated person on the account.
Full terms and conditions can be found at:
Credit Union Consultants Ltd.
Registered office: 45 Milton Terrace, North Shields NE29 OPB