Which Of The Following Is True About Credit Life Insurance?
A) Creditor is the policyowner.
B) Debtor is the annuitant.
C) Creditor is the insured.
D) Debtor is the policy beneficiary.
A) Creditor is the policyowner. Correct! In credit life insurance, the creditor is the policyowner and the beneficiary; the debtor is the insured.