Credit Life Insurance is an insurance policy that may be purchased by the borrower to provide protection in the event of death. The insurance company may pay off the account according to the terms of the policy. This protects the borrower's estate from the liability of the debt.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). credit life insurance. Retrieved September 30, 2026, from http://smartdefine.org/credit_life_insurance/definitions/1151090 |
| Chicago | Barry Goldsmith. 2010. "credit life insurance" http://smartdefine.org/credit_life_insurance/definitions/1151090 (accessed September 30, 2026). |
| Harvard | Barry Goldsmith 2010, credit life insurance, Smart Define, viewed 30 September, 2026, <http://smartdefine.org/credit_life_insurance/definitions/1151090>. |
| MLA | Barry Goldsmith. "credit life insurance" 21 October 2010. Web. 30 September 2026. <http://smartdefine.org/credit_life_insurance/definitions/1151090> |