Credit Life Insurance

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Dictionary Says

Definition of 'Credit Life Insurance'

A life insurance policy designed to pay off a borrower's debt if that borrower dies. 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 value.

Investopedia Says

Investopedia explains 'Credit Life Insurance'

Credit life insurance can protect a person's dependents. It may also be required by some lenders; therefore, it is important to read the fine print of any loan agreement to determine whether credit life insurance is required.  

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'Credit Life Insurance'

  • Life Insurance

    http://www.investopedia.com/video/play/life-insurance
    ... 6 Ways To Save On Insurance. Love it or hate it, insurance policies are a necessary
    expense in everyone's life. ... ... 7 Tips For Closing A Credit Card. ...

  • How Much Life Insurance Should You Carry?

    http://www.investopedia.com/articles/pf/06/insureneeds.asp
    ... Evaluating Your Insurance Needs A large part of choosing a life insurance policy
    is ... be paid off in full, including car loans, mortgages, credit cards, loans ...

  • Life Insurance: Putting A Price On Peace Of Mind

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    ... If you have large financial obligations such as high credit-card debt or a mortgage,
    you could use life insurance to ensure that debt is covered. ...

  • What is indexed universal life insurance?

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    ... To learn more, read Intro To Insurance: Types Of Life Insurance. ... Read More ยป; Should
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  • Why is accidental life insurance so inexpensive?

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    ... compare rates with a traditional term life insurance policy. ... policies you should
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  • How much life insurance should I have?

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    ... (For more, see What To Expect When Applying For Life Insurance.). (This question
    was ... Should I pay my mortgage with my credit card to earn credit card rewards? ...

  • Does Life Insurance Make Sense When You Retire? - Investopedia.com

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    ... Does Life Insurance Make Sense When You Retire? Posted ... There is a possibility
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  • 5 Things You Didn't Know About Life Insurance - Investopedia.com

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    ... 5 Things You Didn't Know About Life Insurance. ... (There are many benefits to owning
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  • What is the difference between term and universal life insurance?

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    ... What is the difference between term and universal life insurance? Term
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  • Indexed Universal Life: Cash, Flexibility And Safety

    http://www.investopedia.com/articles/insurance/09/indexed-universal-life-insurance.asp
    ... IUL policies typically credit the index interest to cash accumulations either ... Conclusion
    While not for everyone, indexed universal life insurance policies are ...

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