When you look at the fact that the payments go directly to the credit card issuer, it’s easy for a cardholder to say that the credit card issuer is the one who benefits, but that line of thinking is certainly unfounded. After all, the credit card issuer did not take the credit card and buy things with it, and as such, it has no personal attachment to the merchandise that was purchased with the card it issued. The credit card issuer does not have anything to lose in the transactions because it is not his credit reputation that is going to be hurt if you are unable to make the payments. It is also not his family that is going to have to pay the credit card bill out of the estate if you should die without credit card protection insurance.

Of course, the credit card issuer benefits in the respect that he will get his money if you have credit protection insurance, but it isn’t his major concern because he knows he will get his money as long as you are able to return to work at some point or if you die and he places a line on your estate. The one who stands to lose without credit protection insurance is the cardholder. After all, when the cardholder is unable to make the payments, it is his credit reputation that is at stake, and if the illness or condition lasts due long, it can financially ruin him.

The facts are that it is the cardholder who stands to lose the most in case of an illness or injury that prevents him from working if he has no credit card insurance. You have to be the one to take the steps to protect yourself and your financial well-being. You have to be the one to decide if you feel your credit rating is important enough that you should invest a few extra dollars per month to protect yourself with credit card protection insurance. The final decision is ultimately yours, but you want to remember that you are protecting your credit rating, financial well-being, and your family by taking advantage of credit card protection insurance. The price you pay is minimal in comparison to what you stand to lose by not taking the insurance. As the cardholder, you must decide what is most important.