Do you have Credit Life insurance?

Marinda Botes
Marinda Botes

Are you planning to buy a new car? Or thinking of getting a personal loan? Most people will borrow money at some stage in their lives. In this article, we will put our focus on Credit Life.

In a nutshell, Credit Life is a form of insurance that pays off the outstanding loan balance in the event of death, disability or other insurance risks that impair the creditor’s ability to earn an income or meet their debt obligations.

Credit Life is often poorly understood with little knowledge of how it works or what the rights of the policyholder are. Traditionally, the most common way of acquiring a loan is through a bank or micro lender.

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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