Member Death Benefit Insurance (MDBI)
Rest Easy with Progressive Credit Union – provide for your loved ones with one simple step.
However we plan, we don’t always get time to prepare for when we die or lose a loved one – but with Progressive Credit Union, you can help your loved ones meet the cost of funeral expenses in the event of your death.
Our Member Death Benefit Insurance (MDBI) Programme provides peace of mind for you and your family in one quick and easy step – with the certainty of a guaranteed payment of €3,500, no medical assessment and an affordable fee that suits your needs and expectations.
The financial support provided by the Member Death Benefit Insurance (MDBI) Programme can help reduce the burden of funeral expenses – to help your loved ones feel assured at a most difficult time.
How does it work?
We’ve shopped around to get the best value programme on the market, and because we are not-for-profit we’re offering extra peace of mind to our members at a fantastic price.
Pay €78, once a year (This payment is collected hassle-free by Progressive Credit Union, directly from your share account each year)
€3,500 is paid, in the event of your death, to whoever pays your funeral bill.
The best bits?
Benefit fixed at €3,500 – regardless of savings.
Available to all members*.
Cost is only €78 per year – paid annually.
Important Information you need to know
A pre-existing medical condition limitation applies to this programme, which means that cover is not provided if a member were to die from a pre-existing medical condition during the first six months of their membership of the programme.
Terms & Conditions apply.
* Members must be aged 70 years or under to be eligible to join this scheme
Sign Up Today!
You can opt- in to the programme by completing the form below or by visiting our branch.
Once you join the Programme you remain a member of the Programme, which auto-renews on an annual basis, until such time as you choose to opt-out of the Programme, or you stop paying the premium or your membership of the Credit Union ceases.
In cases where members have a joint account, both members need to enroll in the programme. Should there be insufficient funds to pay both at the time, and just enough for one, it applies to the first name on the account.