What Is Credit Life Insurance Used For? 
What is credit life used for ? Well mainly credit life is used to help secure a debt repayment in the borrower dies before the debt is repaid . Credit life usually pays the financial institution to cover any remaining debt the insured may have with them . Credit life is pretty expensive per dollar of coverage provided , but most credit life plans accept anyone based on the amount of money borrowed . Credit life is great for those whose health would make the direct purchase of life insurance impossible . 