Ask Question
20 December, 00:19

Alyona recently purchased a car. In her first auto loan statement, she was surprised to find a letter for a life insurance company offering her an affordable

policy, which she could purchase by filing out her Information, along with her credit card number, and mailing the reply card back. The letter is an

example of a

+4
Answers (1)
  1. 20 December, 03:07
    0
    Credit life Insurance

    Explanation:

    The scenario describes Credit life insurance

    This is a form of insurance policy that that is designed to pay off the balance on a policy holder's outstanding loan in case of death. It is designed for the protection of lender and heirs who are co signers from loss in case of the death of the borrower.

    The insurance is liable to the balance on the loan as at the time of the death of the borrower.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Alyona recently purchased a car. In her first auto loan statement, she was surprised to find a letter for a life insurance company offering ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers