Alternatives can be found to credit unions’ Death Benefit Insurance.
That’s according to Councillor Niall Kelleher, who says the benefit has brought comfort to bereaved families during a difficult time.
Credit unions had traditionally offered a grant in the event of a member’s death, which paid out approximately €1,000 to offset funeral and burial costs.
Rathmore Credit Union will discontinue their Death Benefit Insurance on March 1st, while Listowel Credit Union will cease their scheme a month later.
Fianna Fáil councillor Niall Kelleher says he understands credit unions have to protect themselves financially, however, he believes alternatives are available.