Credit insurance is an optional insurance policy offered by lenders and creditors to cover your loan or credit card payments if you cannot pay due to unemployment, illness, disability or death.

Credit insurance protects your credit rating and reduces financial burden by paying off or reducing your remaining loan balance in the event of your disability or death.

Credit card protection insurance (sometimes called “payment protection insurance” or “credit insurance”) is a type of insurance that helps cardholders manage credit card debt when facing disability, job loss, …

Apr 14, 2025 · Here’s our breakdown of everything you need to know about credit insurance, including the different types, how it works and how to decide if it’s right for you.

May 3, 2025 · Credit insurance is a type of insurance policy purchased by a borrower that pays off one or more existing debts in the event of a death, disability, or in rare cases, unemployment.

Apr 30, 2025 · Learn how to protect your credit with different types of credit protection including credit insurance, credit monitoring, and identity theft protection.

Feb 15, 2025 · Credit insurance helps manage financial risk by protecting against losses from unpaid debts. It supports businesses and lenders by securing cash flow or loan portfolios, promoting …

Apr 4, 2024 · Loan protection insurance, also known as credit insurance, is a type of insurance policy specifically designed to cover a borrower’s loan payments should they become unable to make them …

Apr 17, 2023 · In this guide, we’ll explain how credit protection works, the four different types of credit protection you could use, and whether or not it’s worth it for you to protect your credit.

Credit Protection Insurance can be obtained for a variety of debt obligations, including mortgages, consumer loans, lines of credit, and credit cards.