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Day: June 3, 2022

How do I get credit insurance?

How do I get credit insurance?

Finance
Introduction Credit insurance is an insurance that insures the holder against loss of income or the ability to take on new credit, due to death, disability, involuntary unemployment and financial insolvency.  It is a form of loan protection insurance. It will pay off a loan in case the borrower dies or becomes disabled and can't work anymore, if they are self-employed and have no other source of income. If a person loses their job through no fault of their own (for example, there was a company restructuring), credit insurance will help them keep up with their payments for 24 months without interest charges. The policy may also cover medical bills for those who are unable to work because they became ill or were injured at work. Most credit insurance policies are issued for a fix...