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Credit life insurance is for borrowers of auto or mortgage loans. Credit life insurance is for borrowers of auto or. 5 things to know on credit life insurance.

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Read your lease or finance. leased or financed car,. leased or financed car.Your loan documents will state what insurance coverage you need to carry on your vehicle. you will need to obtain a new car insurance policy,.If you add credit insurance to your loan,. in the case of an auto loan this would be your car.

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Credit life insurance can be purchased when borrowing for a vehicle.Car loans are generally paid off in monthly installments. How about leasing a car.

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