Credit Life Insurance

On May 20, 2011, in Buyer, by Fred Peet

Credit Life Insurance is a type of life insurance which pays the balance owed on your mortgage in the event of your death. Many mortgage companies offer to sell you this insurance. You are not required to buy it and if you do want it, you can purchase similar insurance through other sources. You may be able to find regular term life insurance cheaper than buying credit life insurance through your bank or mortgage company.

 

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