Understanding credit life insurance

Understanding credit life insurance
Your options when unable to make loan repayments

If you are struggling with financial distress at the moment and are unable to make loan repayments you may have the ability to cover your debts if you are retrenched or due to other life events. Alternatively you need to approach your bank to make alternative payment arrangements. We unpack your options

Chantel Cronje
Chantel Cronje - Head of Legal, Risk, and Compliance
1 August 2020 | 4 minute read

With Legal&Tax you’re not alone

Contact us for expert advice about the your debt matters. 

Recommended articles
Main Feature Image Feb 2026

LEGAL&YOU FEBRUARY 2026

This February, we’re focusing on the true foundations of love: protection, security, and a strong future together. From heart health and financial discipline to clearing up legal myths, we’re sharing practical tools to help you protect what matters most.
Article
Cohabitation Feature Image Feb 2026

Cohabitation, Engagement & the Common Law Marriage in South Africa

Here’s what the law actually says and how to protect yourself.
Article
Wills Estates Feature Image Feb 2026

Protecting Your Loved Ones with a Valid Will

Make sure your wishes are legally secure in 2026.
Article
View our other information hubs