AGSI SPOUSE LIFE INSURANCE SCHEME Meaning and
Definition
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AGSI Spouse Life Insurance Scheme is a term that refers to a specific insurance program offered by the Association of Garda Sergeants and Inspectors (AGSI) in Ireland. Specifically designed to cater to the needs of the spouses of Garda members, this scheme provides financial protection and security in the event of the death of the insured spouse.
Under the AGSI Spouse Life Insurance Scheme, the spouse of a serving AGSI member is eligible to receive a lump sum payment upon the death of their partner. This insurance coverage aims to alleviate the financial burden and provide support to the surviving spouse during a difficult time. The lump sum payment is intended to provide financial stability, helping the surviving spouse with various expenses such as mortgage payments, education costs for dependent children, funeral expenses, and other financial responsibilities.
To be eligible for the AGSI Spouse Life Insurance Scheme, one must be the spouse of a current AGSI member. The scheme covers individuals within a specified age range, which may vary depending on the terms and conditions of the policy. In order to avail of this insurance coverage, the eligible individual must apply and fulfill the necessary documentation and requirements.
It is important for AGSI members and their spouses to be aware of the benefits and terms associated with the AGSI Spouse Life Insurance Scheme, as it offers financial protection and peace of mind during challenging times.
