Loan Protection Insurance

Loan Protection insurance is provided to ensure that the "debt dies with the debtor" and your estate is not left burdened with an outstanding loan balance.

Our Loan Protection insurance is arranged by the CUNA Mutual Group Limited.

Loan Protection is built into your loan when you borrow from Discovery Credit Union. It offers you the security of knowing that in the event of your death, your loan will be cleared.*

Loan Protection is a feature of your membership with Discovery Credit Union. You do not have an insurance policy with CUNA Mutual, however Discovery Credit Union takes out a Group Life Policy to provide the benefits to its members.

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Your family can take comfort, secure in the knowledge that your Credit Union debt can be cleared*, giving them peace of mind at a time of great need.

Cover is provided for members up to age 69. No cover is available for members age 69+.
Talk to us today to find out more about Loan Protection.

*subject to terms and conditions. Cover limits vary and certain restrictions apply based on age and cover. Please ask Discovery Credit Union for individual limits and restrictions.