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 October 2, 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 October 2, 2026). |
| Harvard | Barry Goldsmith 2010, credit life insurance, Smart Define, viewed 2 October, 2026, <http://smartdefine.org/credit_life_insurance/definitions/1151090>. |
| MLA | Barry Goldsmith. "credit life insurance" 21 October 2010. Web. 2 October 2026. <http://smartdefine.org/credit_life_insurance/definitions/1151090> |