Real Estate Glossary

What is Credit Life Insurance?

Credit life insurance is a type of insurance that is designed to pay off a person's debts in the event of their death. Credit life insurance is often offered by lenders as an optional add-on to a loan or credit card account, and it can provide peace of mind to borrowers who are concerned about their loved ones being left with a burden of debt. Credit life insurance policies typically pay out an amount equal to the borrower's outstanding debts, and they may also cover other expenses, such as funeral costs.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
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