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Who is the policy owner in credit life insurance?

A. Borrower
B. Insurer
C. Insured
D. Creditor

Sagot :

GinnyAnsweridn

Final answer:

In credit life insurance, the creditor is usually the policyowner, paying the premiums and receiving the benefit.


Explanation:

The policyowner in credit life insurance is typically the creditor. The creditor owns the policy, pays the premiums, and is the beneficiary of the policy. This ensures that in the event of the borrower's death, the creditor receives the benefit to pay off the debt.


Learn more about Credit Life Insurance Policyowner here:

https://brainly.com/question/41253628


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