_____ insurance is generally sold in conjunction with installment loans.
A) Group life
B) Credit life
C) Industrial life
D) Home service life
E) Mortgage life

Question

Quizplus · Accepted Answer

Credit life insurance is a type of insurance that pays off an outstanding loan balance in the event of the borrower's death, disability, or job loss. It is commonly sold along with installment loans such as car loans or personal loans. Group life insurance is typically offered through an employer, industrial life insurance is a type of insurance sold to low-income individuals, home service life insurance is typically sold door-to-door, and mortgage life insurance pays off a mortgage in the event of a borrower's death.

_____ Insurance Is Generally Sold in Conjunction with Installment Loans