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Loan Protection Insurance covers eligible loans up to a maximum of £30,000, at no direct cost to the member. This means that this debt will be wiped in the event of a members death
(Terms and conditions apply)
If the loan debt is above 30.000, the excess will be claimed from the members estate.
All loans must be fully repaid before a member’s 85th Birthday, as there is no loan protection insurance cover after this date.
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