Exam term
Individual credit life
Credit life written as a separate policy owned by the borrower, who applies individually, with the creditor as beneficiary or assignee for the debt. It usually costs more per dollar and is the less common form.
Exam term
Credit life written as a separate policy owned by the borrower, who applies individually, with the creditor as beneficiary or assignee for the debt. It usually costs more per dollar and is the less common form.