Why should the following types of life insurance contracts be avoided? (a) Credit life insurance (b) Mortgage

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Why should the following types of life insurance contracts be avoided?
(a) Credit life insurance
(b) Mortgage life insurance
(c) Industrial life insurance (home ser-vice life insurance).

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:33 AM

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Why should the following types of life insurance contracts be avoided? (a) Credit life insurance (b) Mortgage

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a Credit life insurance assures the borrowers beneficiaries that upon death of the borrower the stat...View the full answer

Personal Financial Planning

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