Credit Life Insurance

Business, Legal & Accounting Glossary

Definition: Credit Life Insurance


Credit Life Insurance


Full Definition of Credit Life Insurance


A type of insurance, often bought by mortgagors, in which the amount of the policy matches the loan balance at any given time; designed so that the loan will be paid off in full in the event of death.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/credit-life-insurance/
Modern Language Association (MLA):
Credit Life Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/credit-life-insurance/.
Chicago Manual of Style (CMS):
Credit Life Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/credit-life-insurance/ (accessed: March 29, 2024).
American Psychological Association (APA):
Credit Life Insurance. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/credit-life-insurance/

Definition Sources


Definitions for Credit Life Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.