I want to know the procedure of credit insurance and provider of such type insurance?
Total Comments: 2
Posted: Mon Nov 19, 2007 10:39 am Post Subject:
Hello Ramsharan, the best way find out about the credit insurance providers is by asking the lender. Normally, its of the lender's interest that the borrower take out the credit insurance. But buddy, it'll be better if you analyze your need before purchasing the policy because more often than not one's doesn't require the credit insurance. It'll place an extra burden on your budget.
InsAmi
Posted: Mon Nov 19, 2007 10:49 am Post Subject:
Ramsharan, Good morning and welcome to the community,
More times than not credit life (if that's what you are talking about) is WAY over priced and you can 'get much more for your dollar' with even a term policy...
We just had a discussion on this recently, please review this thread for more information. And let us know if we can be of further assistance.
Posted: Mon Nov 19, 2007 10:39 am Post Subject:
Hello Ramsharan, the best way find out about the credit insurance providers is by asking the lender. Normally, its of the lender's interest that the borrower take out the credit insurance. But buddy, it'll be better if you analyze your need before purchasing the policy because more often than not one's doesn't require the credit insurance. It'll place an extra burden on your budget.
InsAmi
Posted: Mon Nov 19, 2007 10:49 am Post Subject:
Ramsharan, Good morning and welcome to the community,
More times than not credit life (if that's what you are talking about) is WAY over priced and you can 'get much more for your dollar' with even a term policy...
We just had a discussion on this recently, please review this thread for more information. And let us know if we can be of further assistance.
http://www.ampminsure.org/feedback/creditinsurance.html
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