The benefits of credit insurance Credit insurance is a valuable product for many consumers. It helps them conduct their financial affairs by planning for the future.
People buy credit insurance for several important reasons.
Many of those surveyed saw credit insurance as an inexpensive way to fill a gap in their insurance needs without the requirement of a medical examination. Single-premium credit insurance is efficient. Purchasers buy only what they need. Many people benefit from having this insurance, given that many Americans are otherwise uninsured. In many cases, these individuals find it more convenient to finance credit insurance and include that amount in their monthly payments.