![Financial Services Institute](https://d2j6dbq0eux0bg.cloudfront.net/images/6507095/263934085.jpg)
#1 Choice in Education
for the Financial and Insurance
Industry
This course is designed to assist in preparing to take the Credit Insurance exam. The purpose of credit insurance is to indemnify the creditor (the lender) due to the inability of the debtor (insured) to repay a loan. Credit insurance is insurance that is sold in conjunction with a credit obligation or loan. If you lose your job or become unable to work due to some type of disability, and these events prevent you from making the necessary loan payments, credit insurance protects the lender from your inability to repay the loan, by making payments to the lender on your behalf.
The four main types of credit insurance discussed in this book are:
Credit Life Insurance
Credit Disability Insurance
Credit Involuntary Unemployment Insurance
Credit Property Insurance
There is no certification requirement for this program.