ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!
  • google app store apple app store
    • тЬЦ

      Question

      An insurance cover that is linked with credit activities

      and aims to protect the credit is called?
      A claims Correct Answer Incorrect Answer
      B Retrocession Correct Answer Incorrect Answer
      C Retrospective Rating Correct Answer Incorrect Answer
      D credit life Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Credit life insurance is a type of life insurance policy designed to pay off a borrower's debt if the borrower dies. The face value of a credit life insurance policy decreases proportionately with the outstanding loan amount as the loan is paid off over time, until both reach zero value.

      Practice Next
      More Insurance Awareness Questions
      ask-question