It is available to all credit unions which are affiliated to the Irish League of Credit Unions. The cost of the cover is charged to the expenses of the credit union so, yes, the membership pays for this. Death Benefit is usually a lump sum, €1,300+, while Loan Protection & Life Insurance depends on the amount of the loan and the level of savings, at various ages in respect of savings insurance, respectively. There may be some variance among credit unions in the level of cover in each category. You will usually find details in your CU's annual report posted to all members before AGM, or call the office.