Credit Life Assurance
Why
Whether it’s a personal loan, a revolving loan, a credit card or a student loan it is likely that the provider will require some assurance that you will be able to honour your repayments.
Solution
Credit life insurance is insurance that provides security should you be unable to repay your debt due to retrenchment, disability, or death. The credit life insurance policy will pay the debt either in part or in full to the bank