What is a primary feature of credit life insurance?

The primary feature of credit life insurance is that it pays off a debt upon the borrower's death. This type of insurance is specifically designed to protect lenders by ensuring that if the borrower passes away, the outstanding balance of a loan (such as a mortgage or personal loan) will be settled, providing peace of mind to both the borrower and the lender. This feature is especially important for individuals who want to ensure that their family or estate is not burdened with the remaining debt after their death, thereby preventing financial hardship during an already difficult time.

The other options do not accurately describe credit life insurance. While some insurance products offer cash value accumulation or can be used for estate planning, credit life insurance primarily focuses on the debt repayment upon death rather than serving those purposes. Additionally, covering dental expenses is unrelated to the main function of credit life insurance, which is strictly tied to financial obligations.