Policy of Typical Bank
''A credit life policy has fewer dollars involved plus you're covering the exact amount of your loan,'' Batchelor said. A life insurance policy of typical bank or car loan averages $ standard insurance policy, he said. Credit life policies must be offered without that requirement, Magill said.7,000 to $ 8,000. Few insurance agents will sell you a term insurance policy for less than $ 50,000, Batchelor said. Also, you can buy it regardless of your health, Magill said. Most life insurance companies require you to have a physical examination before you take out a new
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