The total Death Benefit amount payable to each member will not exceed £5,000

Death Benefit will not be paid to member in respect for a deposit over £4,000 or accrued deposits over £4,000 in a credit union year

Shares accredited after the age of 80 will not be covered by the Death Benefit Fund

Death Benefit will not be paid in respect of any saving by a member during the 3 months prior to member's death, if there was a known terminal illness at the time of desposit

Death Benefit will not be paid to any member with under 12 months membership

Death Benfit will not be paid if age when joined was over 65

Death Benefit is available to all senior members under the age of 80

Where a member is over 80, has less than 12 months membership or was over 65 when joined any outstanding loan will be deducted from shares 

The total Daeth Benefit amount payable to each member will not exceed £15,000

The Death Benefit will exclude any overdue payments

Death Benefit will not be paid in respect of any loan granted to a member during the 3 months prior to member's death, if there was a known terminal illness at the time of taking out the additional loan

In the event of the death of a junior saver a discretionary payment may be awarded

A nominee should carry out the member's wishes in regards to any pay-out due

The surplus of pay-outs to nominee's, where the payout exceeds £5,000 must be paid direct to estate 

A nominee must be over the age of 16