-
Credit Life Insurance
Credit life insurance is available to protect the borrower's and the co-borrower's estate from their automobile installment loan obligations in the event of a borrower's death. Credit life insurance does not require a medical examination. Upon application a few medical questions may be required. Any eligible borrower has the opportunity to purchase it. It is convenient for your customers with no out-of-pocket cash outlay - premiums may be financed. Cardif Life Insurance Company's credit life insurance is decreasing term life insurance purchased in conjunction with a consumer credit transaction.
