Life Insurance
In the event of your death, a fully-secured loan that includes credit life insurance means:
- Your family inherits an asset, not a liability
- You protect your family’s credit rating following the loss of your income
- You protect your family’s standard of living after your death
- The co-signer is relieved of the obligation
- The creditor is paid directly
- A single premium means no annual increase in rates
- Benefits are not taxable
- You protect your other assets from being used to satisfy this obligation
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Credit Life and Accident-Health Insurance endorses the philosophy that “no
debt should outlive the debtor”
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