A type of insurance, often bought by mortgagors, in which the amount of the policy matches the loan balance at any given time; designed so that the loan will be paid off in full in the event of death.
Related information about credit life insurance:
- Credit Life Insurance Definition | Investopedia
The face value of a credit life insurance policy decreases proportionately with an outstanding loan amount as the loan is paid off over time until both reach zero ...
- 5 things to know on credit life insurance - Bankrate.com
Credit life insurance is for borrowers of auto or mortgage loans. Find out if it's worth the cost at Bankrate.com today!
- Creative Consumer: Why Credit Life Insurance Is a Bad Buy - ABC ...
Nov 17, 2008 ... Credit life generates hefty commissions for the salesman. It is the most overpriced insurance product on the market. For the amount of money ...
- Credit Insurance: Is It for You?
There are four main varieties of credit insurance: Credit life insurance pays off all or some of your loan if you die.Credit disability insurance, also known as ...
- What is credit life insurance? definition and meaning
Definition of credit life insurance: A type of insurance, often bought by mortgagors , in which the amount of the policy matches the loan balance at any given time; ...
- What Is Credit Life Insurance And Credit Disability - Ohio ...
Why might you consider credit insurance? If you're like many people, you need a loan to make certain major purchases, such as a car, a truck, a boat, ...
- Credit Insurance and Credit Life Insurance Answers from the OCC
Select from the following categories to get answers about credit insurance, credit life insurance, and credit disability insurance.
- CREDIT LIFE INSURANCE - Cy-Co FCU
ThREE S. W. C h. W. 1. 2. 3. It was dollars a month, so we went ahead and did it, and thank God we did. When my husband died, I was only 50 years old and ...