Creditor Group Life Insurance

Creditor Group Life Insurance,

How To Define Creditor Group Life Insurance?

Creditor Group Life Insurance can be defined as, A form of group life insurance that is issued to lenders (such as banks, credit unions) to guarantee the life of the debtor through outstanding loans. The total value of lenders and lenders is closed, as this money is used to repay all lenders.

Literal Meanings of Creditor Group Life Insurance

Creditor:

Meanings of Creditor:
  1. Debtor of a person or company.

Sentences of Creditor
  1. Selling his Ferrari to pay off his creditors

Group:

Meanings of Group:
  1. Numerous people or things that are around or have been viewed or categorized.

  2. Collect or keep in one or more groups.

Sentences of Group
  1. These bodies are divided into four different groups

  2. There are three clusters of wooden chairs around the dining table

Synonyms of Group

classification, assemble, grouping, collect, category, class, type, clump, bracket, kind, amass, cluster, style, set, family, lot, species, bunch, variety, breed, gather together, mass, sort, batch, genus

Life:

Meanings of Life:
  1. A condition that distinguishes animals and plants from non-essential substances, including the ability to grow, regenerate, function, and change permanently before death.

  2. The existence of man or animal.

  3. The time between the birth and death of living human beings, especially human beings.

  4. Significance, power or energy.

  5. (In art) an article is represented by a real model and not by an artist's imagination.

Sentences of Life
  1. The essence of life

  2. A catastrophe that killed 266 Americans

  3. He spent his entire life in the countryside

  4. She is beautiful and full of life

  5. Your poses and clothes are taken from life

Synonyms of Life

duration of life, go, vivacity, vigour, spiritedness, human being, vitality, existence, living, days, gusto, drive, mortal, one's time, soul, elan, fire, individual, aliveness, one's career, effervescence, lifetime, this mortal coil, person, buoyancy, being, dynamism, enthusiasm, liveliness

Insurance:

Meanings of Insurance:
  1. An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in return for payment of a premium.

  2. Something to protect against possible emergencies.

Synonyms of Insurance

protection, surety, defence, preventive measure, indemnity, safeguard, provision, precaution, cover, financial protection, immunity, indemnification, security, shelter, safety measure