Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Credit Life Insurance
Fannie Mae
Updated 10-31-2026
Credit Life Insurance
A type of insurance purchased by a borrower to pay off the mortgage debt if the borrower dies while the policy is in force.
Fannie Mae Glossary of Terms
Fannie Mae · p. 10
FTC
Updated 10-31-2026
Credit Life Insurance
A type of insur-ance that pays off a specific amount of debt or a specified credit account if the borrower dies while the policy is in force.
FTC Real Estate Terms
FTC · p. 5
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