What is one of the advantages of purchasing an individual credit life insurance policy?

Insurance

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What is one of the advantages of purchasing an individual credit life insurance policy?

A) Individual policy premiums may be lower than those for group coverage.

B) The policy is sponsored by the lender.

C) No evidence of insurability is required.

D) The policy can continue in force even after the loan has been paid off.

Answer: The policy can continue in force even after the loan has been paid off.

You should now have gotten the answer to your question “What is one of the advantages of purchasing an individual credit life insurance policy?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.