What is credit life insurance?
A) Life insurance that is credited to the policyholder's account
B) Insurance that covers a debtor's life and will help provide funds to pay off a loan if the debtor dies before the loan is repaid
C) Life insurance purchased with a major bank credit card
D) Life insurance purchased on credit, with the money due at a later date
Ans: B) Insurance that covers a debtor's life and will help provide funds to pay off a loan if the debtor dies before the loan is repaid
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