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Home Life Insurance Credit Life Insurance Importance of a Credit Life Insurance

Importance of a Credit Life Insurance

Bima Mtaani

July 2, 2020

344

Credit life insurance protects the Creditor or Lender against financial loss due to non-payment occasioned by the death of the Borrower.

The surviving family members of the Borrower will not be burdened with the outstanding loan or repayment.

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