Which of the following is TRUE about credit life insurance?

Which of the following is TRUE about credit life insurance?

A. Creditor is the policyowner.
B. Debtor is the annuitant.
C. Creditor is the insured.
D. Debtor is the policy beneficiary.

Correct answer is option A. Creditor is the policyowner. Explanation: From the given options, option A Creditor is the policyowner is TRUE about credit life insurance.