Credit Life Insurance
What is credit life insurance?
Credit life insurance is generally a type of life insurance that may help repay a loan if you should die before the loan is fully repaid under the terms set out in the account agreement. This is optional coverage. When […]
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If my bank offers debt cancellation insurance, can the bank force me to buy this product?
No. However, once you sign up for optional debt cancellation coverage (also known as credit insurance) on your loan, the cost of your coverage becomes part of your contract with the bank. Some policies contain provisions […]
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What is credit disability insurance?
Credit disability insurance, also known as accident and health insurance, generally is an agreement between the borrower and an insurance company. If you have a credit disability policy and you become ill or injured and […]
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