Credit insurance


 

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Credit insurance

Insurance against abnormal losses due to unpaid accounts receivable.

Credit insurance

Insurance which covers the monthly payments on an outstanding debt for a fixed period, in the event of illness or unemployment.



Similar Matches

Private Mortgage Insurance (PMI)

Private Mortgage Insurance (PMI)

Policy protecting the holder against loss resulting from default on a mortgage loan.


Cash value life insurance

Cash value life insurance

A life insurance policy which pays a benefit on the death of the insured but which also provides a savings element where benefits are payable before death.


Mortgage Insurance

Mortgage Insurance

Insurance written by a private mortgage insurance company (referred to as an 'PIC') protecting the mortgage lender against loss incurred by a mortgage default, thus enabling the lender to lend a higher percentage of the sale price. The Federal Government writes this form of insurance through the FHA and the VA.


Insurance claim

Insurance claim

A claim for reimbursement from the insurance company when the insured has suffered a loss that is covered under an insurance policy.


Annual renewable term insurance

Annual renewable term insurance

See: Term insurance.


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