Joshua recently purchased a new home. His lender required him to purchase credit life insurance on the loan in the event that he died before the mortgage is paid off

What is the loan clause that allows his lender to require him to purchase this additional insurance.
A) Insurance agreement clause
B) Default contingency clause
C) Early payment clause
D) Recourse clause
E) None of the above


Answer: A

Business

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Indicate whether the statement is true or false

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