Topic “Credit Life Insurance”

When you take out a loan to purchase a car, you are often “strongly encouraged” to buy credit life and/or disability insurance connected to the loan.  My advice on both of these options is to say, “No thanks!”  Credit life is a very expensive form of life insurance that is paid up-font for the life of the loan.  It will pay off the loan if something happens to you.  However, the price is usually very high because there is no underwriting associated with it – which means that there is no medical check-up required to qualify for