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What is joint credit life insurance?

Updated: 9/23/2023
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10y ago

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Joint credit life insurance is money paid to you or your spouse if either of your are ever arrested on drug charges.

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10y ago
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Related questions

What is credit life insurance?

Joint credit life insurance is money paid to you or your spouse if either of your are ever arrested on drug charges.


What is the most commonly purchased type of credit insurance?

credit life insurance


What are the exclusions for credit life insurance?

What are the exclusions for obtaining credit life on a loan


What are some good rates on joint term life insurance?

Joint term life insurance rates vary according to the person's age, their health, and the company offering the life insurance. It is impossible to know what rates are available for joint term life insurance without knowing personal information. A person may compare rates at the Globe Life Insurance or Bank Rate websites.


Will bankruptcy remove life insurance loans?

Life insurance loans are not on your credit report.


How good is joint life insurance, and how much is it?

Joint life insurance basically insures two people with one policy. Joint life insurance policies exercise more leniency, making it easier to get life insurance. Premiums are also usually lower than if you were to buy two separate policies.


What insurance pays off a house in case of a spouses death?

Credit Life Insurance.


What is business credit insurance?

Business credit insurance is a type of insurance that is purchased by businesses selling to other businesses of open credit terms. Business credit insurance guarantees against their business having excessive losses due to their customers inability to pay for goods or services purchased on credit. It is sometimes calledaccounts receivable insurance or trade credit insurance. This should not be confused with consumer credit insurance (e.g. credit life) which is purchased by consumers.


What are the four major categories of life insurance?

There are four major categories of life insurance: ordinary, group, industrial, and credit


What effects the cost of life insurance?

Background and credit score.


Who gets the money from a Joint life insurance if you die?

Not to be vague, but anybody or anything that is named as the beneficiary will receive the life insurance proceeds. This could be a person, a trust, a charity, or an institution. Typically, the money from a joint life insurance policy is intended to cover estate taxes, but doesn't have to be used for that purpose.


What is a 'joint survivor' universal life insurance policy?

It it is like, your hip or elbow or your knee...whatever joint survives the crash.