Member Death Benefit Insurance

MDBI Program

Member Death Benefit Insurance (MDBI)

Providing peace of mind and financial support for you and your family when it's needed most.

Program Overview

  • Annual Cost

    €104 per year(Effective 1st Jan 2025)

  • Benefit Cover

    €3,000 guaranteed payout

  • Automatic Payment

    Deducted annually from your Shares Account

What is the MDBI Program?

The Member Death Benefit Insurance (MDBI) is an optional, opt-in program designed to provide immediate financial assistance to your family in the event of your death.

This benefit is specifically intended to help cover funeral expenses, ensuring that your loved ones have the support they need during a difficult time without additional financial burden.

It’s about community, care, and looking out for one another.

SIGN UP FOR MDBI

Important Terms & Conditions

  • The annual premium is currently €104 and is subject to review by the Board of Directors.
  • Members must maintain a sufficient balance in their Shares Account to allow for the automatic deduction of the premium.
  • Eligibility for the program is subject to standard Credit Union insurance rules and membership status.
  • For full details on exclusions and specific policy wording, please contact any of our branches or email members@corecu.ie.

Why Choose MDBI?

  • Guaranteed Acceptance

    No medical questions or health checks required for eligible members.

  • Immediate Support

    Funds are typically released quickly to help with urgent expenses.

  • Affordable Premium

    Just €2 per week, deducted annually for your convenience

  • Community Focused

    A member-led program designed specifically for our Credit Union family.

Frequently Asked Questions

Most members of Core Credit Union are eligible to opt-in. Please contact us to confirm your specific eligibility based on your membership status.

The benefit is typically paid directly to the person who has been nominated by the member or to the member’s estate to assist with funeral costs.

Yes, you can opt-out of the program at any time by notifying the Credit Union in writing. Please note that premiums already paid are non-refundable.

Core Credit Union Ltd. is regulated by the Central Bank of Ireland Reg. No. 225 CU - E&OE.