Credit life insurance is a type of insurance that pays off a mortgage if the borrower dies. Credit life insurance is optional, and it should not be added into a mortgage without the consent of the borrower. Consumers may consider asking a few questions about the particular credit life insurance that is being offered, including how much the premium costs, if it will increase the loan amount, if it can be paid separately and which exclusions or limits apply. Additionally, if borrowers choose to add credit life insurance to their mortgage, they may want to find out if they can cancel the coverage if they decide that they do not want it, and if so, if the premium is refundable. The Federal Trade Commission handles complaints from consumers who have experienced deceptive, unfair or fraudulent business practices regarding credit life insurance while obtaining financing for their home.