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Credit life insurance

A Type of Insurance, often bought by Mortgagor, in which the amount of the Policy matches the loan Balance at any given time; designed so that the Loan will be Paid off in Full in the event of death.

Related Terms: 8 Balance, Full, Insurance, Loan, Mortgagor, Policy, Paid, Type
Other Related Pages: Category: Insurance Starting With: C
Semi Related Terms: 447 CLICK HERE TO VIEW