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	<title>Welcome to No Exam Life Insurance Connecticut &#187; Bridgeport, Connecticut</title>
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		<title>What Is Credit Life Insurance In Bridgeport, Connecticut</title>
		<link>http://www.noexamlifeinsuranceconnecticut.com/bridgeport-connecticut/what-is-credit-life-insurance-in-bridgeport-connecticut.html</link>
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		<pubDate>Fri, 01 Feb 2008 13:15:48 +0000</pubDate>
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				<category><![CDATA[Bridgeport, Connecticut]]></category>

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		<description><![CDATA[One of the questions I received today via e-mail from Paul &#8220;What is credit life insurance?&#8221;
Bridgeport, Connecticut is a multicultural city right on the water of Long Island Sound. Bridgeport is refereed to as the &#8220;Park City&#8221; because it possesses beautifully designed public parks.
Answer to Readers Question: Credit life insurance can be used to pay [...]]]></description>
			<content:encoded><![CDATA[<p>One of the questions I received today via<img height="184" alt="30437254" hspace="5" src="http://www.noexamlifeinsuranceconnecticut.com/wp-content/uploads/2008/02/30437254.jpg" width="240" align="right" vspace="5" /> e-mail from Paul &#8220;What is credit life insurance?&#8221;</p>
<p>Bridgeport, Connecticut is a multicultural city right on the water of Long Island Sound. Bridgeport is refereed to as the &#8220;Park City&#8221; because it possesses beautifully designed public parks.</p>
<p><strong>Answer to Readers Question</strong>: Credit life insurance can be used to pay off a debt, such as a loan for car, furniture, electronics, appliances, etc., if you die or are disabled. It is a type of decreasing term life insurance.<img height="165" alt="30347096" hspace="5" src="http://www.noexamlifeinsuranceconnecticut.com/wp-content/uploads/2008/02/30347096.jpg" width="240" align="right" vspace="5" /></p>
<p>It is insurance policy on a debtor, in favor of a lender. Although they may have some similar features, it is not the same as mortgage life insurance.</p>
<p>You will be offered this sort of policy when you are financing a large item. The premiums are usually added into the loan contract .It can be expensive and please note that it often illegal for a lender to require you to buy it.</p>
<p>If you already own a sufficient amount of life insurance to cover your financial needs, including debt repayment, the purchase of credit life insurance is normally not advisable due to its relatively high cost.</p>
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