Group Credit Insurance


Definition of "Group credit insurance"

Curtis White & Vivid Mortgage real estate agent
Curtis White & Vivid Mortgage, Real Estate Agent Keller Williams Legendary

Coverage issued to a creditor on the lives of debtors for outstanding loans. If a debtor dies before repayment, the policy pays the remainder of the loan to the creditor. The contract covers an entire group of debtors rather than each debtor separately.

 

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