Life Savings Insurance
An example of a Life Savings Insurance claim:
A member joins Comhar Linn INTO aged 54 and lodges €13,000.
The member continues to save regularly with us.
The member passes away aged 67.
The member had taken no withdrawals from the account since opening.
The balance in the account on the date of death was €26,520.
A life savings claim can be submitted for the maximum value of €13,000.
The total funds payable on death will be the life savings benefit of €13,000 plus the members savings of €26,520 giving a total value of €39,520 for the relevant beneficiaries.
Life Savings Insurance
Benefits
The value of the insurance relates to your age when depositing the shares according to the following formula:
Shares lodged between 6 months and 54 years old: €1 per €1 saved
Shares lodged between 55 years and 59 years old: €0.75 per €1 saved
Shares lodged between 60 years and 64 years old: €0.50 per €1 saved
Shares lodged between 65 years and 69 years old: €0.25 per €1 saved
There is no insurance benefit on amounts saved after a member turns 70 years old
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(01) 873 1101
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33 Parnell Square
Dublin 1, DO1 W563
TEst
33 Parnell Square
Dublin 1, DO1 W563
