What Is Individual Credit Disability Insurance?

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    Peggy Mace
    Most of the U.S.
    Individual Credit Disability Insurance is decreasing term insurance that can be purchased to cover loan payments in case of disability or death. If someone has individual or group disability and life insurance, those usually will take care of loan obligations. Credit Disability Insurance is paid directly to the lender.
    Answered on September 3, 2013
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