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Credit Insurance

Advocacy & Research

Credit insurance is a good-in-theory, problem-in-practice financial product that’s designed to pay on a debt in the event of certain events which would prevent a borrower from making payments. Credit insurance is generally brokered by a lender on behalf of an unrelated insurer. Reinvestment Partners is focusing our concerns on insurance products sold with consumer installment loans.

Get a quick introduction to credit insurance in the 3-page guide below:

Reinvestment Partners has released a new report, entitled A Case where the Rate Does Not Reflect the Risk: A Report on Credit Insurance sold with Consumer Installment Loans. The report cautions consumers to reconsider purchasing credit insurance in association with consumer installment loans. The report finds that commissions inflate premium prices. RP calls on state insurance commissioners to apply greater scrutiny to these products in order to protect consumers.

Click to read the report and associated press release below:


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  • City of Durham EWD
  • NC Housing Coalition
  • NC Housing Finance Agency
  • Triangle Community Foundation
  • United Way of the Greater Triangle
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    Z. Smith Reynolds Foundation
  • Equal Housing Opportunity
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    The Burt's Bees Foundation