What is credit life and disability insurance?

by Guest » Wed May 11, 2011 07:31 pm
Guest

The dealership asked me if I wanted to purchase credit life and disability insurance. What is this insurance?

Total Comments: 1

Posted: Wed May 11, 2011 07:32 pm Post Subject:

These are types of insurance that will either pay your vehicle off or make your monthly payments while you are unable to work. Credit life insurance will pay off the loan on your vehicle should you pass away during the life of your loan. Credit disability insurance is a type of insurance that will continue to make your monthly payments while you are out of work due to a qualifying disability. If you are deemed unable to work permanently credit life insurance will pay off your vehicle. It is a good coverage to have and relatively in-expensive. In most cases you can only buy at the time you are purchasing the vehicle.

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