credit life insurance

noun

1. insurance guaranteeing payment of the unpaid portion of a loan if the debtor should die.

Example Sentences

The deal involves life, pension plans and consumer credit life insurance to be sold through 2046, one of the sources added.

From Reuters

As part of her loan, Sutton purchased credit life insurance, credit disability insurance, automobile insurance and non-recording insurance.

From Salon

In addition, the book reports: > Banks generally require customers to buy credit life insurance on their loans.

From Time Magazine Archive

To cover every situation, Jarrell offered two types of credit life insurance.

From Time Magazine Archive

James Jarrell, president of Chicago's Old Republic Credit Life Insurance Co., likes to call himself the Woolworth of the insurance business.

From Time Magazine Archive