1st Alliance Community Bank covers members shares and loans in the event of death. It is a financial benefit that supports your family when they most need it. On joining members instruct who should be the beneficiary of the account. The value of this payment is directly linked to your savings and your age.
How it works:
Loans are also insured in the event of death. Existing medical conditions are covered after six months (subject to conditions).
The terms of this member benefit may change from time to time. The applicable rates / amounts covered are those prevalent at the date of death.
Please note: This benefit does not mean you have an insurance policy.