Does Life Insurance Affect Credit Score? 
Life insurance typically does not impact your credit score . However , car payments and mortgage payments can have a huge impact on your score if you constantly are late with your payments . A lower credit score means it will cost you more to borrow money , and over time , that could cost thousands of extra dollars . Also , if you have TOO MUCH life insurance and are paying quite a bit , it could impact your score . This question was also answered by Tyler Maddox earlier in the year . 