Credit Life Assurance
Overview
Provides cover to a creditor against financial loss which they would be likely to suffer following the death or permanent disablement of a borrower before a loan is fully repaid.
Provides cover to a creditor against financial loss which they would be likely to suffer following the death or permanent disablement of a borrower before a loan is fully repaid.
- This releases a family from financial obligations of the deceased
- It also releases a pledged security from the debt of the borrower
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