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|Auto | Credit | Disability | Homeowner's | Life | Uneeded Insurance |Long Tem Care|
Credit insurance is a lesser known form of insurance. It protects a loan if a person cannot make the payments. The FTC states that it is against the law for a lender to deceptively include credit insurance in one's loan without permission. There are four types:
Credit disability insurance - pays for the loan if the insured becomes ill or injured
Credit Life Insurance - pays off loan in case of death
Credit property insrance - protects personal property
Involuntary unemployment insurance - makes loans payment in cases of lay offs
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