Sorry, what you mean insurance?? You mean the borrower is gonna pay some more extra funds aside the collateral ( if there were any) to the lender just Incase he dies?? I mean......who the fuck is preparing to die?
Or, is the forum gonna settle borrowers bills? -- borrowers that are indepted to a lender and dies eventually? Is this what you call insurance?
Please, I would need more specificities on that as you points are unclear. I'd understand if you're bumping into a case like this for the first time, though.
Sandra 💇
yes, seem like that. but the insurance is a third party person besides the lender and borrower, The insurance is can be a member of the forum, an outsider company, or another. it;s the same like insurance healthy where if we got sick the insurance company can pay it to hospital. in this case, if borrower died, the insurance company will pay the kredit to lender until paid off