What is Credit Life and Disability Insurance?
Is it Optional?
Credit life and disability insurance are optional products offered by car dealerships and lending institutions to pay off your auto loan in the case of death or disability.
These types of additional insurance products are optional to the consumer and are not required for you to be approved for an auto loan. Do not let anyone force you into buying credit life or disability products. It’s ultimately your choice to buy credit life and disability insurance when purchasing a vehicle and there may, or may not, be good reasons to purchase it.