What is a disadvantage to a credit life insurance policy?

Drawbacks of credit life insurance Credit life insurance is usually more expensive than term life policies of equal value. The death benefit is reduced as you pay down the loan, meaning you lose value as the product matures because your premiums stay the same. Oct 28, 2021

See also What happens if a term life policy with a return of premium rider is kept in force to the end of the term?

What is a disadvantage to a credit life insurance policy?

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What is a disadvantage to a credit life insurance policy?

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