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Alyona recently purchased a car. In her first auto loan statement, she was surprised to find a letter for a life insurance company offering her an affordable
policy, which she could purchase by filing out her Information, along with her credit card number, and mailing the reply card back. The letter is an
example of a

Respuesta :

Answer:

Credit life Insurance

Explanation:

The scenario describes Credit life insurance

This is a form of insurance policy that that is designed to pay off the balance on a policy holder's outstanding loan in case of death. It is designed for the protection of lender and heirs who are co signers from loss in case of the death of the borrower.

The insurance is liable to the balance on the loan as at the time of the death of the borrower.

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